Is Rowan County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rowan County has remained a Seller's Market.
Housing Prices in Rowan County, NC
How much do homes in Rowan County, NC cost?
Median Sold Price
$279,533
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rowan County was $279,533 in April 2024, up 3.5% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137K | $150K | +9.5% |
2 Bedrooms | $185K | $198K | +7.0% |
3 Bedrooms | $266.9K | $277K | +3.8% |
4 Bedrooms | $347.8K | $340K | -2.3% |
5+ Bedrooms | $382.5K | $443.9K | +16.1% |
Summary: Rowan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 16.1%.
Median Sold Price Compared To Nearby Counties
Davidson County | $259.5K | $272.6K | +5.0% |
Davie County | $287.6K | $300.1K | +4.3% |
Rowan County | $270K | $279.5K | +3.5% |
Cabarrus County | $339.9K | $345.1K | +1.5% |
Iredell County | $379.2K | $383.6K | +1.2% |
Housing Supply in Rowan County, NC
How many homes are available in Rowan County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
612 | 657 | +7.4% |
Summary: The Rowan County real estate market had 657 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 80 | 86 | +7.5% |
3 Bedrooms | 377 | 378 | 0.3% |
4 Bedrooms | 118 | 142 | +20.3% |
5+ Bedrooms | 34 | 46 | +35.3% |
Summary: The Rowan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 140 | +25.0% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 140 homes were sold or pending in Rowan County in April 2024, up by 25.0% month-over-month. Of the 140 sold homes, 52% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Rowan County, NC
How long does it take to sell a home in Rowan County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 52 Days | +42.1% |
Summary: Homes in Rowan County had an average of 52 days on market in Apr 2024, up by 42.1% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During April 2024, 140 homes were sold in Rowan County; 52% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.