Is Millers Creek, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Millers Creek was a Seller's Market.
Key Takeaway
Millers Creek is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Millers Creek, NC
How much do homes in Millers Creek, NC cost?
Median Sold Price
$269,900
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Millers Creek have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Millers Creek was $269,900 in May 2024, up 0.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $225K | +18.4% |
| 2 Bedrooms | $257.6K | $210K | -18.5% |
| 3 Bedrooms | $285K | $314.5K | +10.4% |
| 4 Bedrooms | $417.5K | $428.5K | +2.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Millers Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Millers Creek | $268.5K | $269.9K | 0.5% |
| Mulberry Township | $216K | $209.4K | -3.0% |
Housing Supply in Millers Creek, NC
How many homes are available in Millers Creek, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 21 | +61.5% |
Summary: The Millers Creek real estate market had 21 homes for sale in May 2024, a 61.5% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 15 | +66.7% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Millers Creek 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millers Creek, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Millers Creek in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Millers Creek, NC
How long does it take to sell a home in Millers Creek, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 12 Days | -22.9% |
Summary: Homes in Millers Creek had an average of 12 days on market in May 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millers Creek are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Millers Creek; 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.
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