Is Averasboro Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Averasboro Township was a Seller's Market.
Key Takeaway
Averasboro Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Averasboro Township, NC
How much do homes in Averasboro Township, NC cost?
Median Sold Price
$240,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Averasboro Township have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Averasboro Township was $240,000 in May 2024, up 14.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | - | N/A |
| 2 Bedrooms | $159.9K | $145K | -9.3% |
| 3 Bedrooms | $219.2K | $242K | +10.4% |
| 4 Bedrooms | $330K | $305K | -7.6% |
| 5+ Bedrooms | $603.7K | $409.6K | -32.1% |
Summary: Averasboro Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 32.1%.
Median Sold Price Compared To Nearby Cities
| Averasboro Township | $210K | $240K | +14.3% |
| Duke Township | $195K | $220K | +12.8% |
| Dunn | $235K | $255.6K | +8.8% |
| Dunn | $236.6K | $255.9K | +8.1% |
| Banner Township | $337.2K | $329.9K | -2.2% |
Housing Supply in Averasboro Township, NC
How many homes are available in Averasboro Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 73 | +1.4% |
Summary: The Averasboro Township real estate market had 73 homes for sale in May 2024, a 1.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 43 | 42 | -2.3% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Averasboro Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Averasboro Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Averasboro Township in May 2024, down by 41.2% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Averasboro Township, NC
How long does it take to sell a home in Averasboro Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 27 Days | -61.0% |
Summary: Homes in Averasboro Township had an average of 27 days on market in May 2024, down by 61% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Averasboro Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Averasboro Township; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.