Is Cumberland County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cumberland County has remained a Seller's Market.
Housing Prices in Cumberland County, NC
How much do homes in Cumberland County, NC cost?
Median Sold Price
$238,248
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cumberland County was $238,248 in April 2024, up 6.1% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $69K | $77.9K | +12.9% |
2 Bedrooms | $117.3K | $129.2K | +10.2% |
3 Bedrooms | $194.6K | $214K | +10.0% |
4 Bedrooms | $310K | $322.7K | +4.1% |
5+ Bedrooms | $395K | $405K | +2.5% |
Summary: Cumberland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Counties
Sampson County | $221K | $244.3K | +10.6% |
Moore County | $419.9K | $449.2K | +7.0% |
Hoke County | $265K | $281.9K | +6.4% |
Cumberland County | $224.4K | $238.2K | +6.1% |
Harnett County | $305.2K | $310K | +1.5% |
Housing Supply in Cumberland County, NC
How many homes are available in Cumberland County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,554 | 1,568 | +0.9% |
Summary: The Cumberland County real estate market had 1,568 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 121 | 123 | +1.7% |
3 Bedrooms | 849 | 828 | -2.5% |
4 Bedrooms | 486 | 511 | +5.1% |
5+ Bedrooms | 96 | 102 | +6.3% |
Summary: The Cumberland County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
399 | 424 | +6.3% |
Asking Price vs. Sold Price
176 Homes Were Sold
Under Asking
146 Homes Were Sold
At Asking
102 Homes Were Sold
Over Asking
Summary: A total of 424 homes were sold or pending in Cumberland County in April 2024, up by 6.3% month-over-month. Of the 424 sold homes, 42% were sold under asking, 34% were sold at asking, and 24% were sold over asking.
Days on Market for Cumberland County, NC
How long does it take to sell a home in Cumberland County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 29 Days | -54.1% |
Summary: Homes in Cumberland County had an average of 29 days on market in Apr 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
302 Homes Were Sold
Under 30 Days
87 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Summary: During April 2024, 424 homes were sold in Cumberland County; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.