Is Troutman, 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, Troutman has remained a Seller's Market.
Housing Prices in Troutman, NC
How much do homes in Troutman, NC cost?
Median Sold Price
$374,933
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Troutman was $374,933 in April 2024, down 7.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $227.5K | N/A |
2 Bedrooms | $68K | $247.5K | +264.0% |
3 Bedrooms | $342.9K | $359.9K | +5.0% |
4 Bedrooms | $449.4K | $400.3K | -10.9% |
5+ Bedrooms | $443.7K | $457K | +3.0% |
Summary: Troutman housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 264%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
Statesville Township | $256.3K | $290K | +13.2% |
Barringer Township | $347.4K | $359.3K | +3.4% |
Fallstown Township | $432.5K | $430K | -0.6% |
Troutman | $405.4K | $374.9K | -7.5% |
Housing Supply in Troutman, NC
How many homes are available in Troutman, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
127 | 124 | -2.4% |
Summary: The Troutman real estate market had 124 homes for sale in April 2024, a 2.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 52 | 54 | +3.8% |
4 Bedrooms | 46 | 43 | -6.5% |
5+ Bedrooms | 25 | 22 | -12.0% |
Summary: The Troutman housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Troutman in April 2024, down by 8.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Troutman, NC
How long does it take to sell a home in Troutman, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 57 Days | -14.1% |
Summary: Homes in Troutman had an average of 57 days on market in Apr 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Troutman; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.