Is Mount Airy, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Airy is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Mount Airy, NC

How much do homes in Mount Airy, NC cost?

Median Sold Price

$225,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,250(+8.8%)

Key Takeaway

Homes in Mount Airy have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Mount Airy was $225,000 in May 2024, up 8.8% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $65.9K$130K
+97.3%
2 $162K$170K
+4.9%
3 $209.5K$231.5K
+10.5%
4 $315K$382.5K
+21.4%
5+ $418.5K$387K
-7.5%

Summary: Mount Airy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 7.5%.

Median Sold Price Compared To Nearby Cities

Mount Airy
+8.8%
Mount Airy Township
+8.4%

Housing Supply in Mount Airy, NC

How many homes are available in Mount Airy, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
121130+7.4%

Summary: The Mount Airy real estate market had 130 homes for sale in May 2024, a 7.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 73
-57.1%
2 2229
+31.8%
3 7379
+8.2%
4 1817
-5.6%
5+ 12
+100.0%

Summary: The Mount Airy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 57.1%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3630-16.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Airy, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Mount Airy in May 2024, down by 16.7% month-over-month. Of the 30 sold homes, 73% were sold under asking, 17% were sold at asking, and 10% were sold over asking.

Days on Market for Mount Airy, NC

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

Average Sale Time

May 2023May 2024CHANGE
67 Days45 Days-32.5%

Summary: Homes in Mount Airy had an average of 45 days on market in May 2024, down by 32.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 30 homes were sold in Mount Airy; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% 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

Newest Listings in Mount Airy, NC

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