Is New Light 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, New Light Township has remained a Seller's Market.
Key Takeaway
New Light Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Light Township, NC
How much do homes in New Light Township, NC cost?
Median Sold Price
$948,940
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Light Township have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in New Light Township was $948,940 in May 2024, up 11.6% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | - | N/A |
| 2 Bedrooms | $369.9K | $260K | -29.7% |
| 3 Bedrooms | $552.5K | $595K | +7.7% |
| 4 Bedrooms | $892.5K | $965K | +8.1% |
| 5+ Bedrooms | $1.0M | $1.0M | -0.8% |
Summary: New Light 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 decreased by 29.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| New Light Township | $850K | $948.9K | +11.6% |
| Bartons Creek Township | $865K | $925.5K | +7.0% |
| Carr Township | $482K | $514K | +6.6% |
| Wake Forest Township | $490.4K | $513.1K | +4.6% |
| Dutchville Township | $304K | $310K | +2.0% |
Housing Supply in New Light Township, NC
How many homes are available in New Light Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 96 | +1.1% |
Summary: The New Light Township real estate market had 96 homes for sale in May 2024, a 1.1% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 61 | 60 | -1.6% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The New Light 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 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Light 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 New Light Township in May 2024, up by 6.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for New Light Township, NC
How long does it take to sell a home in New Light Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 166 Days | 22 Days | -86.5% |
Summary: Homes in New Light Township had an average of 22 days on market in May 2024, down by 86.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Light Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in New Light Township; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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