Local Market Update for February 2024
A RESEARCH TOOL PROVIDED BY THE CANOPY REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®
Rowan County
North Carolina
February
Year to Date
Percent Change
Percent Change
Thru 2-2023
Thru 2-2024
Key Metrics
2023
159
2024
188
157
+ 18.2%
+ 0.6%
290
303
322
276
+ 11.0%
- 8.9%
- 15.6%
+ 10.2%
+ 10.0%
+ 1.1%
- 8.6%
- 4.5%
- 6.0%
+ 10.4%
--
New Listings
156
Pending Sales
125
103
- 17.6%
+ 16.0%
+ 12.7%
+ 0.3%
237
200
Closed Sales
$250,000
$283,897
94.5%
89
$289,900
$319,876
94.8%
86
$245,000
$272,995
93.3%
93
$270,000
$300,334
94.3%
85
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
List to Close
- 3.4%
41
44
+ 7.3%
44
42
Days on Market Until Sale
Cumulative Days on Market Until Sale
Average List Price
45
50
+ 11.1%
+ 17.0%
+ 15.2%
+ 35.3%
50
47
$289,588
276
$338,711
318
$296,944
--
$327,898
--
Inventory of Homes for Sale
Months Supply of Inventory
1.7
2.3
--
--
--
* 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.
February
2023
2024
$289,900
188
2.3
125
$250,000
159
103
1.7
- 17.6%
+ 16.0%
+ 35.3%
+ 18.2%
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 March 5, 2024. All data from Canopy MLS, Inc. Report provided by the Canopy Realtor® Association. Report © 2024 ShowingTime.