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.
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
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
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
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.