Is Inside the Beltline, 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, Inside the Beltline has remained a Seller's Market.
Key Takeaway
Inside the Beltline is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Inside the Beltline, NC
How much do homes in Inside the Beltline, NC cost?
Median Sold Price
$574,777
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Inside the Beltline have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in Inside the Beltline was $574,777 in May 2024, up 15.1% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $326K | -2.7% |
| 2 Bedrooms | $400K | $395K | -1.3% |
| 3 Bedrooms | $488.5K | $569K | +16.5% |
| 4 Bedrooms | $780.5K | $925K | +18.5% |
| 5+ Bedrooms | $1.6M | $1.7M | +2.6% |
Summary: Inside the Beltline housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Inside the Beltline | $499.1K | $574.7K | +15.1% |
| Mordecai | $717K | $695K | -3.1% |
Housing Supply in Inside the Beltline, NC
How many homes are available in Inside the Beltline, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 520 | 558 | +7.3% |
Summary: The Inside the Beltline real estate market had 558 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 30 | +11.1% |
| 2 Bedrooms | 102 | 116 | +13.7% |
| 3 Bedrooms | 203 | 217 | +6.9% |
| 4 Bedrooms | 115 | 121 | +5.2% |
| 5+ Bedrooms | 73 | 74 | +1.4% |
Summary: The Inside the Beltline housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 100 | 111 | +11.0% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inside the Beltline, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.
Summary: A total of 111 homes were sold or pending in Inside the Beltline in May 2024, up by 11.0% month-over-month. Of the 111 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Inside the Beltline, NC
How long does it take to sell a home in Inside the Beltline, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 124 Days | 23 Days | -81.1% |
Summary: Homes in Inside the Beltline had an average of 23 days on market in May 2024, down by 81.1% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Inside the Beltline are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 111 homes were sold in Inside the Beltline; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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