Local Market Update for May 2024
A RESEARCH TOOL PROVIDED BY THE CANOPY REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®
Rowan County
North Carolina
May
2024
Year to Date
Percent Change
Percent Change
Thru 5-2023
Thru 5-2024
Key Metrics
2023
165
211
+ 27.9%
+ 22.1%
+ 2.0%
798
760
900
725
+ 12.8%
- 4.6%
- 8.6%
+ 7.4%
+ 11.1%
+ 0.2%
+ 4.5%
+ 19.0%
+ 16.7%
+ 17.6%
--
New Listings
140
171
Pending Sales
147
150
700
640
Closed Sales
$269,300
$303,938
97.0%
71
$285,000
$368,485
96.1%
96
+ 5.8%
$260,000
$288,912
95.1%
89
$279,250
$320,944
95.3%
93
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
List to Close
+ 21.2%
- 0.9%
+ 35.2%
+ 89.3%
+ 96.9%
+ 19.2%
+ 38.2%
+ 47.1%
28
53
42
50
Days on Market Until Sale
Cumulative Days on Market Until Sale
Average List Price
32
63
48
56
$321,363
246
$382,953
340
$304,553
--
$358,120
--
Inventory of Homes for Sale
Months Supply of Inventory
1.7
2.5
--
--
--
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
May
2023
2024
$285,000
$269,300
150
147
211
2.5
165
1.7
+ 2.0%
+ 5.8%
+ 47.1%
+ 27.9%
New Listings
Months Supply
Closed Sales
Median Sales Price
Median Sales Price
Entire Canopy MLS Area —
Rowan County —
Rolling 12-Month Calculation
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
1-2023
1-2024
Current as of June 7, 2024. All data from Canopy MLS, Inc. Report provided by the Canopy Realtor® Association. Report © 2024 ShowingTime Plus, LLC.