Cumberland County, NC Home Values & Market Trends
The median home price in Cumberland County, NC is $202,130.42. There were 6,654 home sales in Cumberland County, NC over the past 12 months. The median residential Cumberland County, NC home value for transactions over the previous year is $190,354.253. The number of current listings in Cumberland County, NC is 1,028, and the percentage of properties for sale is 1028.00%. The county has 119 foreclosures, 10 bank owned properties, 39 headed for auction, and 1,028 properties for sale.
Cumberland County, NC Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Fayetteville | $ 219,900 $ 136/sqft | Wade | $ 400,000 $ 145/sqft |
Hope Mills | $ 270,000 $ 134/sqft | Falcon | $ -- $ -- |
Spring Lake | $ 300,000 $ 142/sqft | Fort Bragg | $ -- $ -- |
Stedman | $ 295,367 $ 132/sqft | Pope Army Airfield | $ -- $ -- |
Linden | $ 296,579 $ 120/sqft |
Housing Market Summary for Cumberland County, NC
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $226.6K | $202.6K | -10.60% |
Median Sold Price | $191.6K | $202.6K | 5.75% |
Homes For Sale | 857 | 958 | 11.79% |
Homes Sold | 3,065 | 2,459 | -19.77% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Cumberland County, NC
Browse Homes in Cumberland County, NC
Cumberland County, NC home values range from $18,114 to $4,229,386. Wade is the priciest city with a median listing home price of $375,000, and Falcon is most affordable with average house prices of around $125,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.07% of all residential properties in Cumberland County, NC with Fayetteville containing 52 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 9 cities within Cumberland County, NC; of those cities, the estimated home value for pre-foreclosure homes ranges from $470,958 in Spring Lake to the lowest home value of $34,858 in Fayetteville.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Cumberland County, NC ranges from the highest value of $363,977 in Stedman to the lowest value of $66,160 in Fayetteville. Bank owned homes and properties account for 0.01% of properties in Cumberland County, NC. There are 9 cities within Cumberland County, NC; Fayetteville containing 7 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsFayetteville has 32 auction properties, the highest number of properties going to auction in a single city in the state of Cumberland County, NC. Auction homes and other auction properties account for 0.04% of all properties in Cumberland County, NC. There are 9 cities within Cumberland County, NC; of those cities, the median estimated home value for homes going to auction ranges from $430,581 in Hope Mills to the lowest value of $73,060 in Hope Mills.
Compare Nearby Cities
More Real Estate Resources for Cumberland County, NC
Guide for Cumberland County, NC
North Carolina Foreclosure Laws
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.
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.
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.