Is Lower Fork 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, Lower Fork Township has remained a Seller's Market.
Key Takeaway
Lower Fork Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Fork Township, NC
How much do homes in Lower Fork Township, NC cost?
Median Sold Price
$210,500
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Fork Township have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Lower Fork Township was $210,500 in May 2024, up 13.8% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $190K | +7.0% |
| 2 Bedrooms | $113.7K | $104.9K | -7.8% |
| 3 Bedrooms | $215K | $252.4K | +17.4% |
| 4 Bedrooms | $194.5K | $240K | +23.4% |
| 5+ Bedrooms | - | $355K | N/A |
Summary: Lower Fork Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bandy's Township | $192K | $280.2K | +46.0% |
| Lower Fork Township | $185K | $210.5K | +13.8% |
| Icard Township | $190K | $205K | +7.9% |
| Morganton Township | $255K | $263.5K | +3.3% |
Housing Supply in Lower Fork Township, NC
How many homes are available in Lower Fork Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Lower Fork Township real estate market had 15 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Fork 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 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Fork Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lower Fork Township in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Lower Fork Township, NC
How long does it take to sell a home in Lower Fork Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 43 Days | +443.8% |
Summary: Homes in Lower Fork Township had an average of 43 days on market in May 2024, up by 443.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Fork Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Lower Fork Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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