Is Buford Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Buford Township has remained a Seller's Market.
Housing Prices in Buford Township, NC
How much do homes in Buford Township, NC cost?
Median Sold Price
$391,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buford Township was $391,500 in May 2024, up 4.4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $540K | - | N/A |
2 Bedrooms | $291.6K | $261K | -10.5% |
3 Bedrooms | $371K | $384.1K | +3.5% |
4 Bedrooms | $450K | $437.5K | -2.8% |
5+ Bedrooms | - | $485K | N/A |
Summary: Buford 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 10.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Marshville Township | $290K | $349.9K | +20.7% |
Monroe Township | $350.4K | $383.8K | +9.5% |
Lanes Creek Township | $359.9K | $380K | +5.6% |
Buford Township | $375.1K | $391.5K | +4.4% |
Mineral Springs | $445K | $423.5K | -4.8% |
Housing Supply in Buford Township, NC
How many homes are available in Buford Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 35 | +6.1% |
Summary: The Buford Township real estate market had 35 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Buford 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 increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Buford Township in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Buford Township, NC
How long does it take to sell a home in Buford Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 63 Days | +6.0% |
Summary: Homes in Buford Township had an average of 63 days on market in May 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Buford Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.