Is Cypress Creek 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, Cypress Creek Township was a Seller's Market.
Key Takeaway
Cypress Creek Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cypress Creek Township, NC
How much do homes in Cypress Creek Township, NC cost?
Median Sold Price
$350,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cypress Creek Township have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Cypress Creek Township was $350,000 in May 2024, up 4.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $130K | -42.2% |
| 2 Bedrooms | $287K | $410K | +42.9% |
| 3 Bedrooms | $336.5K | $343K | +1.9% |
| 4 Bedrooms | $378K | $372.8K | -1.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cypress Creek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.2%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mannings Township | $215K | $270K | +25.6% |
| Dunn Township | $270.5K | $287.4K | +6.3% |
| Cypress Creek Township | $335K | $350K | +4.5% |
| Harris Township | $369.9K | $364.4K | -1.5% |
Housing Supply in Cypress Creek Township, NC
How many homes are available in Cypress Creek Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 103 | +8.4% |
Summary: The Cypress Creek Township real estate market had 103 homes for sale in May 2024, a 8.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 77 | 83 | +7.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cypress Creek Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cypress Creek Township, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Cypress Creek Township in May 2024, up by 36.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 47% were sold at asking, and 13% were sold over asking.
Days on Market for Cypress Creek Township, NC
How long does it take to sell a home in Cypress Creek Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 112 Days | 41 Days | -63.2% |
Summary: Homes in Cypress Creek Township had an average of 41 days on market in May 2024, down by 63.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cypress Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Cypress Creek Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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