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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fallstown Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Fallstown Township, NC

How much do homes in Fallstown Township, NC cost?

Median Sold Price

$422,666

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$7,212(-1.7%)

Key Takeaway

Homes in Fallstown Township have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Fallstown Township was $422,666 in May 2024, down 1.7% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $155K$299.5K
+93.2%
3 $342.9K$365.5K
+6.6%
4 $460.7K$507.9K
+10.3%
5+ $454K$521.1K
+14.8%

Summary: Fallstown 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 93.2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Cities

Statesville Township
+15.0%
Barringer Township
-0.6%
Fallstown Township
-1.7%
Troutman
-4.8%

Housing Supply in Fallstown Township, NC

How many homes are available in Fallstown Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
153163+6.5%

Summary: The Fallstown Township real estate market had 163 homes for sale in May 2024, a 6.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 73
-57.1%
3 7085
+21.4%
4 5556
+1.8%
5+ 2119
-9.5%

Summary: The Fallstown 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 decreased by 57.1%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2634+30.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fallstown Township, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Fallstown Township in May 2024, up by 30.8% month-over-month. Of the 34 sold homes, 44% were sold under asking, 38% were sold at asking, and 18% were sold over asking.

Days on Market for Fallstown Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
59 Days56 Days-5.0%

Summary: Homes in Fallstown Township had an average of 56 days on market in May 2024, down by 5% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 34 homes were sold in Fallstown Township; 56% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 26% 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 Fallstown Township, NC

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