Is Pee Dee Township, 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, Pee Dee Township was a Neutral Market.
Key Takeaway
Pee Dee Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pee Dee Township, NC
How much do homes in Pee Dee Township, NC cost?
Median Sold Price
$142,500
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pee Dee Township have sold for 43.8% less than they did a year ago.
Summary: The median home sold price in Pee Dee Township was $142,500 in May 2024, down 43.8% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $95K | +11.8% |
| 2 Bedrooms | $450K | $125K | -72.2% |
| 3 Bedrooms | $461K | $380K | -17.6% |
| 4 Bedrooms | $286.2K | $757.5K | +164.6% |
| 5+ Bedrooms | $2.2M | $1.4M | -36.3% |
Summary: Pee Dee Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes decreased by 72.2%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 164.6%, and 5+ bedroom homes decreased by 36.3%.
Median Sold Price Compared To Nearby Cities
| Mount Gilead Township | $182.4K | $250K | +37.0% |
| Center Township | $250K | $276K | +10.4% |
| Uwharrie Township | $321K | $334.6K | +4.3% |
| Mount Gilead | $264.5K | $250K | -5.5% |
| Pee Dee Township | $253.7K | $142.5K | -43.8% |
Housing Supply in Pee Dee Township, NC
How many homes are available in Pee Dee Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 57 | +29.5% |
Summary: The Pee Dee Township real estate market had 57 homes for sale in May 2024, a 29.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 18 | +28.6% |
| 2 Bedrooms | 14 | 19 | +35.7% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Pee Dee Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 35.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pee Dee Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Pee Dee Township in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Pee Dee Township, NC
How long does it take to sell a home in Pee Dee Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 101 Days | 27 Days | -73.1% |
Summary: Homes in Pee Dee Township had an average of 27 days on market in May 2024, down by 73.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pee Dee Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Pee Dee Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.