Is Troutman, 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, Troutman has remained a Seller's Market.
Housing Prices in Troutman, NC
How much do homes in Troutman, NC cost?
Median Sold Price
$383,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Troutman was $383,000 in May 2024, down 4.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $227.5K | N/A |
2 Bedrooms | $68K | $247.5K | +264.0% |
3 Bedrooms | $343.9K | $359.9K | +4.7% |
4 Bedrooms | $449.1K | $401.7K | -10.6% |
5+ Bedrooms | $445K | $470K | +5.6% |
Summary: Troutman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 264%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
Statesville Township | $257.1K | $295.6K | +15.0% |
Barringer Township | $361.4K | $359.3K | -0.6% |
Fallstown Township | $429.8K | $422.6K | -1.7% |
Troutman | $402.5K | $383K | -4.8% |
Housing Supply in Troutman, NC
How many homes are available in Troutman, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
150 | 167 | +11.3% |
Summary: The Troutman real estate market had 167 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 64 | 79 | +23.4% |
4 Bedrooms | 59 | 62 | +5.1% |
5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Troutman 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 33.3%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Troutman in May 2024, up by 24.0% month-over-month. Of the 31 sold homes, 52% were sold under asking, 39% were sold at asking, and 10% were sold over asking.
Days on Market for Troutman, NC
How long does it take to sell a home in Troutman, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 66 Days | +23.9% |
Summary: Homes in Troutman had an average of 66 days on market in May 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Troutman; 42% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.