Is Clemmons, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clemmons is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Clemmons has remained a Seller's Market.

Key Takeaway

Clemmons is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clemmons, NC

How much do homes in Clemmons, NC cost?

Median Sold Price

$383,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,025(+2.1%)

Key Takeaway

Homes in Clemmons have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Clemmons was $383,000 in May 2024, up 2.1% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $90K$60K
-33.3%
2 $187.7K$215K
+14.5%
3 $331.9K$346K
+4.2%
4 $445K$464K
+4.3%
5+ $520K$583.5K
+12.2%

Summary: Clemmons housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Cities

Lewisville
+7.7%
Clemmonsville Township
+3.9%
Lewisville Township
+2.8%
Clemmons
+2.1%
South Fork Township
-3.4%

Housing Supply in Clemmons, NC

How many homes are available in Clemmons, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
127148+16.5%

Summary: The Clemmons real estate market had 148 homes for sale in May 2024, a 16.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 13
+200.0%
2 1317
+30.8%
3 5671
+26.8%
4 4646
0.0%
5+ 1111
0.0%

Summary: The Clemmons housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 26.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
3739+5.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clemmons, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Clemmons in May 2024, up by 5.4% month-over-month. Of the 39 sold homes, 51% were sold under asking, 31% were sold at asking, and 18% were sold over asking.

Days on Market for Clemmons, NC

How long does it take to sell a home in Clemmons, NC?

Average Sale Time

May 2023May 2024CHANGE
28 Days32 Days+12.5%

Summary: Homes in Clemmons had an average of 32 days on market in May 2024, up by 12.5% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Clemmons are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 39 homes were sold in Clemmons; 77% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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