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Is Castalia, NC 27816 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Castalia is a balanced market. With about 5.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.2Under 4 months = seller’s market
Sold above original list9.1%Share of sales, last 3 months
Median sale-to-list99.5%Sold price ÷ list price
Median days on market99Listing to accepted offer
Median price per sq ft$148

The Castalia housing market right now

In the three months ending August 31, 2026, 9% of homes in Castalia, NC 27816 sold above their list price, the typical home went under contract in 99 days and there were 5.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 11 home sales.

Nearby, Franklinton 27525 (19% sold over asking) and Youngsville 27596 (14% sold over asking) are even more competitive.

Run the numbers for 27816

Prefilled for 27816Can I win this house?Multiple-offer likelihood for a listing Prefilled for 27816Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bunn 27508 — /sq ftFranklinton 27525Seller’s market $180 /sq ftLouisburg 27549Balanced $193 /sq ftYoungsville 27596Seller’s market $192 /sq ft Browse all markets →

Towns like Castalia nearby

Find towns like Castalia in other states →
Garysburg, NC27831 · 39 miles away75% similarcheaper homes ($54K less) Warrenton, NC27589 · 19 miles away64% similarcheaper homes ($26K less) · larger Norlina, NC27563 · 27 miles away61% similarcheaper homes ($46K less) · larger Gaston, NC27832 · 37 miles away54% similarcheaper homes ($28K less) · younger residents

Where Castalia is

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Questions about Castalia real estate

Is Castalia a buyer’s or seller’s market?

A balanced market: there were 5.2 months of supply in Castalia, NC 27816 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Castalia?

The typical home went under contract in 99 days in the latest three months.

Do homes in Castalia sell over asking?

9% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.

What are property taxes in Castalia?

About 0.65% of a home’s value a year in Franklin County, or roughly $2,600 on a $400,000 home.

What is the median home price in Castalia?

The median sale price was $275,871 in the three months ending August 31, 2026, about $148 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology