Rowan County, NC Home Values & Market Trends

The median home price in Rowan County, NC is $254,006.33. There were 2,834 home sales in Rowan County, NC over the past 12 months. The median residential Rowan County, NC home value for transactions over the previous year is $212,051.275. The number of current listings in Rowan County, NC is 297, and the percentage of properties for sale is 297.00%. The county has 57 foreclosures, 6 bank owned properties, 21 headed for auction, and 297 properties for sale.

Rowan County, NC Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Salisbury

$ 279,900

$ 165/sqft

Landis

$ 298,900

$ 182/sqft

China Grove

$ 294,866

$ 202/sqft

Gold Hill

$ 401,041

$ 161/sqft

Spencer

$ 229,900

$ 133/sqft

Woodleaf

$ 188,550

$ 171/sqft

Rockwell

$ 232,602

$ 136/sqft

East Spencer

$ 177,286

$ 150/sqft

Cleveland

$ 627,374

$ 258/sqft

Granite Quarry

$ --

$ --

Mount Ulla

$ 211,541

$ 163/sqft

Housing Market Summary for Rowan County, NC

Mar 2023February 2024Change
Median Listing Price$259.9K$239.7K-7.78%
Median Sold Price$235.5K$239.7K1.77%
Homes For Sale2672794.49%
Homes Sold1,6291,479-9.21%
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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 Rowan County, NC

Rowan County, NC home values range from $20,146 to $54,895,908. Gold Hill is the priciest city with a median listing home price of $587,450, and East Spencer is most affordable with average house prices of around $224,800.

Foreclosure
There are 11 cities within Rowan County, NC; within these cities, the median estimated home value for homes in foreclosure ranges from $854,403 in Salisbury to the lowest value of $93,539 in Salisbury. Foreclosure homes account for 0.00% of properties in Rowan County, NC with Salisbury containing 27 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.05% of all residential properties in Rowan County, NC with Salisbury containing 17 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 11 cities within Rowan County, NC; of those cities, the estimated home value for pre-foreclosure homes ranges from $362,682 in Cleveland to the lowest home value of $93,539 in Salisbury.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Rowan County, NC ranges from the highest value of $232,979 in Salisbury to the lowest value of $114,900 in Spencer. Bank owned homes and properties account for 0.01% of properties in Rowan County, NC. There are 11 cities within Rowan County, NC; Salisbury containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Salisbury has 8 auction properties, the highest number of properties going to auction in a single city in the state of Rowan County, NC. Auction homes and other auction properties account for 0.04% of all properties in Rowan County, NC. There are 11 cities within Rowan County, NC; of those cities, the median estimated home value for homes going to auction ranges from $293,779 in Mount Ulla to the lowest value of $175,105 in Mount Ulla.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.54% of residential properties in Rowan County, NC with Salisbury containing 165 homes for sale, the highest number of listed properties in a single city. There are 11 cities within Rowan County, NC; homes for sale in those cities, have a range of median values from $935,000 in Cleveland to the lowest value of $37,812 in Salisbury.
    Sold Homes
    The median value for recently sold homes ranges from $182,810 in East Spencer to the lowest price of $24,051 in East Spencer. There are 11 cities within Rowan County, NC. Salisbury has 783 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.70% of properties in Rowan County, NC.

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      Guide for Rowan County, 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.