Shelby-area home prices rise 7.5% in March, with houses for sale in high demand
A typical Cleveland County home listed for $262,000 in March, up 7.5% from a month earlier, an analysis of data from Realtor.com shows.
The median list home price in March was up about 9.7% from March 2021. Cleveland County's median home was 1,769 square feet for a listed price of $144 per square foot.
The Cleveland County market was busy, with a median 42 days on market. The market added 72 new home listings in March, compared with the 100 added in March 2021. The market ended the month with some 68 listings of homes for sale.
Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
Across all of North Carolina, median home prices were $375,644, rising 1.6% from a month earlier. The median North Carolina home for sale had 1,950 square feet at list price of $199 per square foot.
Across the United States, median home prices were $404,950, up 3.2% from a month earlier. The median American home for sale had 1,800 square feet, listed at $214 per square foot.
The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.
This article originally appeared on The Shelby Star: Shelby-area homes for sale rise to $262,000 median price
