Local Market Update for March 2024
A RESEARCH TOOL PROVIDED BY THE CANOPY REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®
Rowan County
North Carolina
March
2024
Year to Date
Percent Change
Percent Change
Thru 3-2023
Thru 3-2024
Key Metrics
2023
190
175
- 7.9%
+ 1.1%
- 34.8%
+ 6.6%
+ 10.6%
+ 2.1%
- 9.9%
480
478
498
438
+ 3.8%
- 8.4%
- 21.4%
+ 7.8%
+ 9.8%
+ 1.4%
- 8.3%
- 6.3%
- 7.4%
+ 15.9%
--
New Listings
175
177
Pending Sales
178
116
415
326
Closed Sales
$260,500
$287,257
93.9%
101
$277,750
$317,579
95.9%
91
$254,990
$279,112
93.6%
96
$274,950
$306,472
94.9%
88
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
List to Close
53
52
- 1.9%
48
45
Days on Market Until Sale
Cumulative Days on Market Until Sale
Average List Price
61
55
- 9.8%
54
50
$279,997
262
$358,882
303
+ 28.2%
+ 15.6%
+ 43.8%
$290,165
--
$336,419
--
Inventory of Homes for Sale
Months Supply of Inventory
1.6
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.
March
2023
2024
$277,750
$260,500
190
2.3
175
178
1.6
116
- 34.8%
+ 6.6%
+ 43.8%
- 7.9%
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 April 5, 2024. All data from Canopy MLS, Inc. Report provided by the Canopy Realtor® Association. Report © 2024 ShowingTime Plus, LLC.