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| MARCH 2025 | |||
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| Zip Code(s): 27302 | |||
| Units Sold 49 |
Active Inventory 115 |
Median Sale Price $375,000 |
Days On Market 48 |
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| Up 14% Vs. Year Ago |
Up 17% Vs. Year Ago |
Up 4% Vs. Year Ago |
Down -48% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 49 sold this month in Mebane Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 17 units or 17%. The total number of active inventory this March was 115 compared to 98 in March 2024. This month's total of 115 is higher than the previous month's total supply of available inventory of 105, an increase of 10%. |
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Median Sale Price
Last March, the median sale price for Mebane Homes was $360,000. This March, the median sale price was $375,000, an increase of 4% or $15,000 compared to last year. The current median sold price is 9% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 63 |
Current Contracts 46 |
Sold Vs. List Price 99.3% |
Months of Supply 2.3 |
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| Up 34% Vs. Year Ago |
Up 15% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In March, there was 2.3 months of supply available in Mebane. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 63 homes newly listed for sale in Mebane compared to 47 in March 2024, an increase of 34%. There were 46 current contracts pending sale this March compared to 40 a year ago. The number of current contracts is 15% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Mebane was 99.3% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 48, lower than the average last year, which was 93, a decrease of 48%. | |||
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Mebane are defined as properties listed in zip code/s 27302. | ||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc. |
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