Bessemer City, NC Home Values & Market Trends

Real estate market trends reflect that there have been 253 transactions over the past year in Bessemer City. The median value for residential home transactions that occurred over the previous year is $229,181.23. The number of current listings in Bessemer City is 34, and the percentage of properties for sale in the city is 34.00%. Bessemer City, NC currently has 7 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 34 properties for sale.

Bessemer City, NC Real Estate Market Overview

ZipMedian Est. Value
28016

$ 232,000

$ 159/sqft

Housing Market Summary for Bessemer City, NC

Mar 2023February 2024Change
Median Listing Price$239.4K$224.5K-6.24%
Median Sold Price$194.6K$224.5K15.35%
Homes For Sale203470.00%
Homes Sold158133-15.82%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Bessemer City, NC

Bessemer City home values range from $23,600 to $1,155,543. The median estimated value of a home in Bessemer City is $229,181.23. The median list price of a home is 250,000, and the total count of properties in the city is 4,754.

Foreclosure
There is 1 zips within Bessemer City, NC; within this zips, the median estimated home value for homes in foreclosure ranges from $290,750 in 28016 to the lowest value of $102,500 in 28016. Foreclosure homes account for 0.00% of properties in Bessemer City, NC with 28016 containing 7 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.08% of all residential properties in Bessemer City, NC with 28016 containing 4 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Bessemer City, NC; of that zips, the estimated home value for pre-foreclosure homes ranges from $273,750 in 28016 to the lowest home value of $162,200 in 28016.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Bessemer City, NC ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Bessemer City, NC. There is 1 zips within Bessemer City, NC; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    28016 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Bessemer City, NC. Auction homes and other auction properties account for 0.06% of all properties in Bessemer City, NC. There is 1 zips within Bessemer City, NC; of that zips, the median estimated home value for homes going to auction ranges from $290,750 in 28016 to the lowest value of $102,500 in 28016.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.72% of residential properties in Bessemer City, NC with 28016 containing 34 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Bessemer City, NC; homes for sale in that zips, have a range of median values from $975,000 in 28016 to the lowest value of $60,808 in 28016.
    Sold Homes
    The median value for recently sold homes ranges from $672,044 in 28016 to the lowest price of $74,393 in 28016. There is 1 zips within Bessemer City, NC. 28016 has 101 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.12% of properties in Bessemer City, NC.

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      Guide for Bessemer City, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent
      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent|posted 12 March 2024

      In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.

      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent|posted 12 February 2024

      This blog post explores the varying property values and real estate trends in Charlotte, North Carolina and its surrounding areas within a span of a year. The analysis provides insights into median property values, square foot prices, sold properties, foreclosures, market health, and local submarkets.

      Recently Listed Homes Bessemer City, NC

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