Is Gastonia 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, Gastonia Township has remained a Seller's Market.
Key Takeaway
Gastonia Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gastonia Township, NC
How much do homes in Gastonia Township, NC cost?
Median Sold Price
$275,230
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gastonia Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Gastonia Township was $275,230 in May 2024, up 1% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $123.5K | -8.5% |
| 2 Bedrooms | $169.9K | $185K | +8.9% |
| 3 Bedrooms | $265K | $274.9K | +3.8% |
| 4 Bedrooms | $391.2K | $390K | -0.3% |
| 5+ Bedrooms | $469K | $494.9K | +5.5% |
Summary: Gastonia Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Dallas | $289.9K | $299K | +3.1% |
| Dallas Township | $289.9K | $299K | +3.1% |
| Gastonia Township | $272.5K | $275.2K | +1.0% |
| Gastonia | $286.3K | $278.2K | -2.8% |
| Ranlo | $277.4K | $254.5K | -8.3% |
Housing Supply in Gastonia Township, NC
How many homes are available in Gastonia Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 543 | 611 | +12.5% |
Summary: The Gastonia Township real estate market had 611 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 77 | 87 | +13.0% |
| 3 Bedrooms | 318 | 351 | +10.4% |
| 4 Bedrooms | 105 | 122 | +16.2% |
| 5+ Bedrooms | 39 | 47 | +20.5% |
Summary: The Gastonia 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 increased by 13%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 20.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 120 | 104 | -13.3% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gastonia Township, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 104 homes were sold or pending in Gastonia Township in May 2024, down by 13.3% month-over-month. Of the 104 sold homes, 43% were sold under asking, 38% were sold at asking, and 18% were sold over asking.
Days on Market for Gastonia Township, NC
How long does it take to sell a home in Gastonia Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 34 Days | +6.1% |
Summary: Homes in Gastonia Township had an average of 34 days on market in May 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gastonia Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 104 homes were sold in Gastonia Township; 61% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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