Is Grandover, 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, Grandover has remained a Seller's Market.
Key Takeaway
Grandover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grandover, NC
How much do homes in Grandover, NC cost?
Median Sold Price
$495,795
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grandover have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Grandover was $495,795 in May 2024, up 15.3% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $306.7K | $333K | +8.6% |
| 3 Bedrooms | $429.5K | $441.4K | +2.8% |
| 4 Bedrooms | $753.2K | $639K | -15.2% |
| 5+ Bedrooms | $654.9K | $530K | -19.1% |
Summary: Grandover housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Grandover | $429.9K | $495.7K | +15.3% |
| Sedge Field | $414.5K | $415K | 0.1% |
Housing Supply in Grandover, NC
How many homes are available in Grandover, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Grandover real estate market had 20 homes for sale in May 2024, a 13.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 2 | -66.7% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Grandover 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 66.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandover, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Grandover in May 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Grandover, NC
How long does it take to sell a home in Grandover, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 52 Days | +258.1% |
Summary: Homes in Grandover had an average of 52 days on market in May 2024, up by 258.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Grandover are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Grandover; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
