Is Middle Creek 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, Middle Creek Township has remained a Seller's Market.
Key Takeaway
Middle Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middle Creek Township, NC
How much do homes in Middle Creek Township, NC cost?
Median Sold Price
$487,988
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middle Creek Township have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Middle Creek Township was $487,988 in May 2024, up 2.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | - | N/A |
| 2 Bedrooms | $333.4K | $430K | +29.0% |
| 3 Bedrooms | $400K | $419.9K | +5.0% |
| 4 Bedrooms | $512.8K | $554.9K | +8.2% |
| 5+ Bedrooms | $605K | $637.5K | +5.4% |
Summary: Middle Creek 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 29%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Middle Creek Township | $474.9K | $487.9K | +2.7% |
| Fuquay-Varina | $425K | $435K | +2.4% |
| Holly Springs | $584.6K | $588.2K | +0.6% |
| Holly Springs Township | $576.2K | $571.5K | -0.8% |
| Fuquay Varina | $454.9K | $451K | -0.9% |
Housing Supply in Middle Creek Township, NC
How many homes are available in Middle Creek Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 371 | 346 | -6.7% |
Summary: The Middle Creek Township real estate market had 346 homes for sale in May 2024, a 6.7% decrease 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 | 33 | 28 | -15.2% |
| 3 Bedrooms | 145 | 153 | +5.5% |
| 4 Bedrooms | 131 | 118 | -9.9% |
| 5+ Bedrooms | 62 | 47 | -24.2% |
Summary: The Middle Creek 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 15.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 24.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 99 | +4.2% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middle Creek Township, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 99 homes were sold or pending in Middle Creek Township in May 2024, up by 4.2% month-over-month. Of the 99 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Middle Creek Township, NC
How long does it take to sell a home in Middle Creek Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 92 Days | 16 Days | -82.5% |
Summary: Homes in Middle Creek Township had an average of 16 days on market in May 2024, down by 82.5% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middle Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 99 homes were sold in Middle Creek Township; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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