Southmont, NC

Balanced market-46.2% YoY

Housing market overview · Updated weekly

$565,000median sale price

Homes sold

3

Last 12 weeks

Days on market

53

Average pace

Active listings

8

2.7 months supply

Sale-to-list

87.0%

Below asking

The Southmont housing market is currently classified as a balanced market with a median sale price of $565,000. Prices have fallen 46.2% compared to last year, with homes spending an average of 53 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Southmont

There are currently 8 homes listed for sale in Southmont, North Carolina. The median listing price is $581K.

Active listings

8

Homes on market

Median list price

$581K

Avg. days on market

53

Days until sale

New this week

2

Newly listed

Price drops:37.5%of listings
Sale-to-list:87.0%

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Frequently asked questions

What is the average home price in Southmont?

The median home sale price in Southmont is $565,000, down 46.2% from last year.

How long do homes stay on market in Southmont?

Homes typically spend 53 days on market before going under contract.

Is Southmont a buyer's or seller's market?

With 2.7 months of supply, Southmont is currently a balanced market.

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