Is Big Lick Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Lick Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Big Lick Township has remained a Seller's Market.

Key Takeaway

Big Lick Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Big Lick Township, NC

How much do homes in Big Lick Township, NC cost?

Median Sold Price

$332,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,368(+2.0%)

Key Takeaway

Homes in Big Lick Township have sold for 2% more than they did a year ago.

Summary: The median home sold price in Big Lick Township was $332,000 in May 2024, up 2% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $215K$245K
+14.0%
3 $276K$330K
+19.6%
4 $387K$373K
-3.6%
5+ $345K$424.4K
+23.0%

Summary: Big Lick 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 increased by 14%, 3 bedroom homes increased by 19.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 23%.

Median Sold Price Compared To Nearby Cities

Furr Township
+5.5%
Big Lick Township
+2.0%
Oakboro
-0.4%

Housing Supply in Big Lick Township, NC

How many homes are available in Big Lick Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2325+8.7%

Summary: The Big Lick Township real estate market had 25 homes for sale in May 2024, a 8.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1820
+11.1%
4 22
0.0%
5+ 21
-50.0%

Summary: The Big Lick 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 increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
18+700.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Big Lick Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Big Lick Township in May 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Big Lick Township, NC

How long does it take to sell a home in Big Lick Township, NC?

Average Sale Time

May 2023May 2024CHANGE
29 Days55 Days+89.0%

Summary: Homes in Big Lick Township had an average of 55 days on market in May 2024, up by 89% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Big Lick Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Big Lick Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Big Lick Township, NC

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What housing markets are near Big Lick Township, NC?