Is Broad River Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broad River Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Broad River Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Broad River Township, NC

How much do homes in Broad River Township, NC cost?

Median Sold Price

$459,650

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$35,350(-7.1%)

Key Takeaway

Homes in Broad River Township have sold for 7.1% less than they did a year ago.

Summary: The median home sold price in Broad River Township was $459,650 in May 2024, down 7.1% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $381.5K$345K
-9.6%
2 $492.5K$459.3K
-6.7%
3 $475K$450K
-5.3%
4 $983K$1.2M
+30.7%
5+ -$3.0M
N/A

Summary: Broad River Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Black Mountain Township
+17.9%
Fairview Township
+4.0%
Fairview
-2.1%
Broad River Township
-7.1%

Housing Supply in Broad River Township, NC

How many homes are available in Broad River Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1316+23.1%

Summary: The Broad River Township real estate market had 16 homes for sale in May 2024, a 23.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 77
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Broad River 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 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broad River Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Broad River Township in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Broad River Township, NC

How long does it take to sell a home in Broad River Township, NC?

Average Sale Time

May 2023May 2024CHANGE
6 Days9 Days+38.5%

Summary: Homes in Broad River Township had an average of 9 days on market in May 2024, up by 38.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Broad River Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Broad River Township, NC

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