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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nebo is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Nebo, NC

How much do homes in Nebo, NC cost?

Median Sold Price

$528,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$150,500(+39.9%)

Key Takeaway

Homes in Nebo have sold for 39.9% more than they did a year ago.

Summary: The median home sold price in Nebo was $528,000 in May 2024, up 39.9% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $266K$80K
-69.9%
2 $367.5K$408K
+11.0%
3 $353K$440.5K
+24.8%
4 $571.2K$1.3M
+140.7%
5+ $536.2K$1.5M
+193.7%

Summary: Nebo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 140.7%, and 5+ bedroom homes increased by 193.7%.

Median Sold Price Compared To Nearby Cities

Nebo Township
+49.4%
Nebo
+39.9%
Dysartsville Township
+13.9%
Linville Township
+4.2%

Housing Supply in Nebo, NC

How many homes are available in Nebo, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4159+43.9%

Summary: The Nebo real estate market had 59 homes for sale in May 2024, a 43.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 2031
+55.0%
4 813
+62.5%
5+ 23
+50.0%

Summary: The Nebo 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 increased by 9.1%, 3 bedroom homes increased by 55%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nebo, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Nebo in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for Nebo, NC

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

Average Sale Time

May 2023May 2024CHANGE
24 Days75 Days+213.6%

Summary: Homes in Nebo had an average of 75 days on market in May 2024, up by 213.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 10 homes were sold in Nebo; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% 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 1 Day Ago

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