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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gap Civil Township is a buyer's market

Buyer's
Market

Difference Since May 2023

Since last year, Gap Civil Township has remained a Buyer's Market.

Key Takeaway

Gap Civil Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gap Civil Township, NC

How much do homes in Gap Civil Township, NC cost?

Median Sold Price

$249,500

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$54,500(+27.9%)

Key Takeaway

Homes in Gap Civil Township have sold for 27.9% more than they did a year ago.

Summary: The median home sold price in Gap Civil Township was $249,500 in May 2024, up 27.9% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $255.5K$289.5K
+13.3%
3 $188.7K$205K
+8.6%
4 $225K$390K
+73.4%
5+ --
N/A

Summary: Gap Civil 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 13.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 73.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Gap Civil Township
+27.9%
Sparta
+8.1%

Housing Supply in Gap Civil Township, NC

How many homes are available in Gap Civil Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
68+33.3%

Summary: The Gap Civil 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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 58
+60.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Gap Civil 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 100%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gap Civil Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Gap Civil Township in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Gap Civil Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
2 Days7 Days+250.0%

Summary: Homes in Gap Civil Township had an average of 7 days on market in May 2024, up by 250% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Gap Civil Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in Gap Civil 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 Gap Civil Township, NC

Nearby Markets to Gap Civil Township, NC

What housing markets are near Gap Civil Township, NC?