Is Egypt 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, Egypt Township has remained a Seller's Market.
Key Takeaway
Egypt Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Egypt Township, NC
How much do homes in Egypt Township, NC cost?
Median Sold Price
$425,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Egypt Township have sold for 5% less than they did a year ago.
Summary: The median home sold price in Egypt Township was $425,000 in May 2024, down 5% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $305K | -4.7% |
| 3 Bedrooms | $485K | $535.5K | +10.4% |
| 4 Bedrooms | $475K | $896.5K | +88.7% |
| 5+ Bedrooms | $1.3M | - | N/A |
Summary: Egypt 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 4.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 88.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cane River Township | $372.4K | $355.5K | -4.5% |
| Egypt Township | $447.5K | $425K | -5.0% |
Housing Supply in Egypt Township, NC
How many homes are available in Egypt Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Egypt Township real estate market had 8 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Egypt Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Egypt Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Egypt Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Egypt Township, NC
How long does it take to sell a home in Egypt Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 2 Days | 107 Days | +5250.0% |
Summary: Homes in Egypt Township had an average of 107 days on market in May 2024, up by 5250% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Egypt Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Egypt Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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