Is Mount Airy, 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, Mount Airy has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.9K | $130K | +97.3% |
2 Bedrooms | $162K | $170K | +4.9% |
3 Bedrooms | $209.5K | $231.5K | +10.5% |
4 Bedrooms | $315K | $382.5K | +21.4% |
5+ Bedrooms | $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 | $206.7K | $225K | +8.8% |
Mount Airy Township | $207.5K | $225K | +8.4% |
Housing Supply in Mount Airy, NC
How many homes are available in Mount Airy, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
121 | 130 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 3 | -57.1% |
2 Bedrooms | 22 | 29 | +31.8% |
3 Bedrooms | 73 | 79 | +8.2% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 1 | 2 | +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 2024 | May 2024 | CHANGE |
---|---|---|
36 | 30 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 45 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
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.