Is Meredith 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, Meredith Township has remained a Seller's Market.
Key Takeaway
Meredith Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meredith Township, NC
How much do homes in Meredith Township, NC cost?
Median Sold Price
$575,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Meredith Township have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Meredith Township was $575,000 in May 2024, down 0.8% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $234.5K | +14.4% |
| 2 Bedrooms | $331.2K | $296.5K | -10.5% |
| 3 Bedrooms | $517.5K | $583K | +12.7% |
| 4 Bedrooms | $689K | $762.5K | +10.7% |
| 5+ Bedrooms | $1.3M | $947.5K | -30.3% |
Summary: Meredith Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 30.3%.
Median Sold Price Compared To Nearby Cities
| Cary Township | $562.8K | $593K | +5.4% |
| Raleigh | $413.5K | $432.2K | +4.5% |
| Raleigh Township | $414.2K | $432.3K | +4.4% |
| House Creek Township | $418.5K | $430K | +2.7% |
| Meredith Township | $579.5K | $575K | -0.8% |
Housing Supply in Meredith Township, NC
How many homes are available in Meredith Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 46 | +7.0% |
Summary: The Meredith Township real estate market had 46 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Meredith Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meredith Township, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Meredith Township in May 2024, up by 41.7% month-over-month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Meredith Township, NC
How long does it take to sell a home in Meredith Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 14 Days | -79.0% |
Summary: Homes in Meredith Township had an average of 14 days on market in May 2024, down by 79% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Meredith Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Meredith Township; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.