Is Kannapolis, 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, Kannapolis has remained a Seller's Market.
Housing Prices in Kannapolis, NC
How much do homes in Kannapolis, NC cost?
Median Sold Price
$295,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kannapolis was $295,000 in April 2024, up 1.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $157K | +74.4% |
2 Bedrooms | $191.5K | $214K | +11.7% |
3 Bedrooms | $294.5K | $299.9K | +1.8% |
4 Bedrooms | $397.5K | $385K | -3.1% |
5+ Bedrooms | $545K | $530K | -2.8% |
Summary: Kannapolis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.4%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
Atwell Township | $300K | $341K | +13.7% |
Landis | $277.6K | $293.5K | +5.7% |
Concord | $355.1K | $374.4K | +5.5% |
Kannapolis | $289.6K | $295K | +1.8% |
China Grove Township | $277K | $280K | +1.1% |
Housing Supply in Kannapolis, NC
How many homes are available in Kannapolis, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
304 | 317 | +4.3% |
Summary: The Kannapolis real estate market had 317 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 67 | 69 | +3.0% |
3 Bedrooms | 171 | 169 | -1.2% |
4 Bedrooms | 46 | 59 | +28.3% |
5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Kannapolis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 79 | +1.3% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Kannapolis in April 2024, up by 1.3% month-over-month. Of the 79 sold homes, 59% were sold under asking, 22% were sold at asking, and 19% were sold over asking.
Days on Market for Kannapolis, NC
How long does it take to sell a home in Kannapolis, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 33 Days | -2.7% |
Summary: Homes in Kannapolis had an average of 33 days on market in Apr 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 79 homes were sold in Kannapolis; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.