Is Rock Creek Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Creek Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Rock Creek Township has remained a Seller's Market.

Key Takeaway

Rock Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rock Creek Township, NC

How much do homes in Rock Creek Township, NC cost?

Median Sold Price

$331,310

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$12,310(+3.9%)

Key Takeaway

Homes in Rock Creek Township have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Rock Creek Township was $331,310 in May 2024, up 3.9% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $96K$62.5K
-34.9%
2 $223.5K$218.5K
-2.2%
3 $295K$300K
+1.7%
4 $382.7K$377.5K
-1.4%
5+ $490K$379.2K
-22.6%

Summary: Rock Creek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.9%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 22.6%.

Median Sold Price Compared To Nearby Cities

Gibsonville
+9.0%
Rock Creek Township
+3.9%
Whitsett
0.3%
Burlington
-1.9%

Housing Supply in Rock Creek Township, NC

How many homes are available in Rock Creek Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
155144-7.1%

Summary: The Rock Creek Township real estate market had 144 homes for sale in May 2024, a 7.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1913
-31.6%
3 3439
+14.7%
4 8981
-9.0%
5+ 1311
-15.4%

Summary: The Rock 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 31.6%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
41410.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Creek Township, expect to pay close to the asking price. 53.7% of homes here sold near the asking price last month.

Summary: A total of 41 homes were sold or pending in Rock Creek Township in May 2024, the same as the previous month. Of the 41 sold homes, 32% were sold under asking, 54% were sold at asking, and 15% were sold over asking.

Days on Market for Rock Creek Township, NC

How long does it take to sell a home in Rock Creek Township, NC?

Average Sale Time

May 2023May 2024CHANGE
65 Days64 Days-1.5%

Summary: Homes in Rock Creek Township had an average of 64 days on market in May 2024, down by 1.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rock Creek Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 41 homes were sold in Rock Creek Township; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Rock Creek Township, NC

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