Summerfield, NC Home Values & Market Trends

Real estate market trends reflect that there have been 197 transactions over the past year in Summerfield. The median value for residential home transactions that occurred over the previous year is $517,239.73. The number of current listings in Summerfield is 25, and the percentage of properties for sale in the city is 25.00%. Summerfield, NC currently has 3 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 25 properties for sale.

Summerfield, NC Real Estate Market Overview

ZipMedian Est. Value
27358

$ 562,500

$ 194/sqft

Housing Market Summary for Summerfield, NC

Jun 2023May 2024Change
Median Listing Price$542.5K$575K5.99%
Median Sold Price$474.6K$534.3K12.58%
Homes For Sale142792.86%
Homes Sold136110-19.12%
Price
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Homes For Sale
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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 Summerfield, NC

Summerfield home values range from $14,240 to $9,716,722. The median estimated value of a home in Summerfield is $517,239.73. The median list price of a home is 575,000, and the total count of properties in the city is 5,887.

Foreclosure
There is 1 zips within Summerfield, NC; within this zips, the median estimated home value for homes in foreclosure ranges from $254,569 in 27358 to the lowest value of $230,655 in 27358. Foreclosure homes account for 0.00% of properties in Summerfield, NC with 27358 containing 3 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.02% of all residential properties in Summerfield, NC with 27358 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Summerfield, NC; of that zips, the estimated home value for pre-foreclosure homes ranges from $254,569 in 27358 to the lowest home value of $254,569 in 27358.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Summerfield, 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 Summerfield, NC. There is 1 zips within Summerfield, NC; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    27358 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Summerfield, NC. Auction homes and other auction properties account for 0.03% of all properties in Summerfield, NC. There is 1 zips within Summerfield, NC; of that zips, the median estimated home value for homes going to auction ranges from $230,655 in 27358 to the lowest value of $230,655 in 27358.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.42% of residential properties in Summerfield, NC with 27358 containing 25 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Summerfield, NC; homes for sale in that zips, have a range of median values from $1,548,177 in 27358 to the lowest value of $128,806 in 27358.
    Sold Homes
    The median value for recently sold homes ranges from $1,679,890 in 27358 to the lowest price of $59,334 in 27358. There is 1 zips within Summerfield, NC. 27358 has 108 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.83% of properties in Summerfield, NC.

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      Guide for Summerfield, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Charlotte Real Estate Soars in April 2024 with Average Values Hitting $409K
      Buy to Rent
      Raleigh Property Values Climb to $460K with Varied Sale Trends Across The Region – April 2024
      Buy to Rent
      Asheville, North Carolina Real Estate Market Snapshot – April 2024
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Charlotte Real Estate Soars in April 2024 with Average Values Hitting $409K
      Buy to Rent|posted 16 May 2024

      Charlotte’s real estate market shows steady growth with increasing property values and sale prices.

      Raleigh Property Values Climb to $460K with Varied Sale Trends Across The Region – April 2024
      Buy to Rent|posted 13 May 2024

      Raleigh’s real estate market has seen an increase in property values. We examine the latest salves volumes plus a comparison with nearby markets.

      Asheville, North Carolina Real Estate Market Snapshot – April 2024
      Buy to Rent|posted 17 April 2024

      A look at the Asheville’s real estate market trends from May 2023 to March 2024, highlighting key trends and dynamics in home values, sale prices, and supply.

      Recently Listed Homes Summerfield, NC

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