Summerfield, NC

Buyer's market+74.4% YoY

Housing market overview · Updated weekly

$979,900median sale price

Homes sold

5

Last 12 weeks

Days on market

48

Average pace

Active listings

36

7.2 months supply

Sale-to-list

97.5%

Below asking

The Summerfield housing market is currently classified as a buyer's market with a median sale price of $979,900. Prices have risen 74.4% compared to last year, with homes spending an average of 48 days on market, indicating 7.2 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Summerfield

There are currently 36 homes listed for sale in Summerfield, North Carolina. The median listing price is $725K.

Active listings

36

Homes on market

Median list price

$725K

Avg. days on market

48

Days until sale

New this week

9

Newly listed

Price drops:22.2%of listings
Sale-to-list:97.5%

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Frequently asked questions

What is the average home price in Summerfield?

The median home sale price in Summerfield is $979,900, up 74.4% from last year.

How long do homes stay on market in Summerfield?

Homes typically spend 48 days on market before going under contract.

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

With 7.2 months of supply, Summerfield is currently a buyer's market.

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