Is Quaker Meadows 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, Quaker Meadows Township has remained a Seller's Market.
Key Takeaway
Quaker Meadows Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Quaker Meadows Township, NC
How much do homes in Quaker Meadows Township, NC cost?
Median Sold Price
$361,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Quaker Meadows Township have sold for 30.1% more than they did a year ago.
Summary: The median home sold price in Quaker Meadows Township was $361,000 in May 2024, up 30.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $117.5K | -39.0% |
| 3 Bedrooms | $271K | $335K | +23.6% |
| 4 Bedrooms | $359.9K | $425K | +18.1% |
| 5+ Bedrooms | $315.8K | $482.5K | +52.8% |
Summary: Quaker Meadows 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 39%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 52.8%.
Median Sold Price Compared To Nearby Cities
| Quaker Meadows Township | $277.5K | $361K | +30.1% |
| Morganton | $255K | $264.6K | +3.8% |
| Morganton Township | $255K | $263.5K | +3.3% |
| Silver Creek Township | $253K | $240K | -5.1% |
Housing Supply in Quaker Meadows Township, NC
How many homes are available in Quaker Meadows Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Quaker Meadows Township real estate market had 24 homes for sale in May 2024, a 11.1% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Quaker Meadows 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 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Quaker Meadows Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Quaker Meadows Township in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Quaker Meadows Township, NC
How long does it take to sell a home in Quaker Meadows Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 40 Days | +126.0% |
Summary: Homes in Quaker Meadows Township had an average of 40 days on market in May 2024, up by 126% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Quaker Meadows Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Quaker Meadows Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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