Is Siler City, 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, Siler City has remained a Seller's Market.
Housing Prices in Siler City, NC
How much do homes in Siler City, NC cost?
Median Sold Price
$292,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Siler City was $292,500 in May 2024, up 17% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $140K | -60.0% |
2 Bedrooms | $217K | $205K | -5.5% |
3 Bedrooms | $250K | $333.5K | +33.4% |
4 Bedrooms | $380K | $272K | -28.4% |
5+ Bedrooms | $225K | - | N/A |
Summary: Siler City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 33.4%, 4 bedroom homes decreased by 28.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Siler City | $250K | $292.5K | +17.0% |
Matthews Township | $472.5K | $522.4K | +10.6% |
Housing Supply in Siler City, NC
How many homes are available in Siler City, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 33 | -8.3% |
Summary: The Siler City real estate market had 33 homes for sale in May 2024, a 8.3% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Siler City 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 25%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Siler City in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Siler City, NC
How long does it take to sell a home in Siler City, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 50 Days | -15.6% |
Summary: Homes in Siler City had an average of 50 days on market in May 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Siler City; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.