Is Thomasville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Thomasville has remained a Seller's Market.
Housing Prices in Thomasville, NC
How much do homes in Thomasville, NC cost?
Median Sold Price
$240,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Thomasville was $240,000 in May 2024, up 6.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97K | $71.2K | -26.5% |
2 Bedrooms | $139.5K | $153.7K | +10.2% |
3 Bedrooms | $224.9K | $249.9K | +11.1% |
4 Bedrooms | $308K | $330K | +7.1% |
5+ Bedrooms | $365K | $363.8K | -0.3% |
Summary: Thomasville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
Thomasville | $225K | $240K | +6.7% |
Trinity | $285K | $303.9K | +6.7% |
Thomasville Township | $230K | $243K | +5.6% |
Trinity Township | $265.2K | $276.6K | +4.3% |
Housing Supply in Thomasville, NC
How many homes are available in Thomasville, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
170 | 171 | +0.6% |
Summary: The Thomasville real estate market had 171 homes for sale in May 2024, a 0.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 28 | 26 | -7.1% |
3 Bedrooms | 112 | 112 | 0.0% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Thomasville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 45 | -6.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Thomasville in May 2024, down by 6.3% month-over-month. Of the 45 sold homes, 44% were sold under asking, 24% were sold at asking, and 31% were sold over asking.
Days on Market for Thomasville, NC
How long does it take to sell a home in Thomasville, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 32 Days | +12.1% |
Summary: Homes in Thomasville had an average of 32 days on market in May 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 45 homes were sold in Thomasville; 64% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.