Is Simpsonville 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, Simpsonville Township was a Seller's Market.
Key Takeaway
Simpsonville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Simpsonville Township, NC
How much do homes in Simpsonville Township, NC cost?
Median Sold Price
$395,095
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Simpsonville Township have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Simpsonville Township was $395,095 in May 2024, up 1.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $512.5K | $139K | -72.9% |
| 3 Bedrooms | $350K | $375.4K | +7.3% |
| 4 Bedrooms | $406.2K | $406.5K | 0.1% |
| 5+ Bedrooms | - | $395.1K | N/A |
Summary: Simpsonville 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 72.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wentworth Township | $234K | $270K | +15.4% |
| Reidsville | $203.8K | $222.7K | +9.3% |
| Reidsville Township | $203.8K | $222.7K | +9.3% |
| New Bethel Township | $392.9K | $425.4K | +8.3% |
| Simpsonville Township | $388K | $395K | +1.8% |
Housing Supply in Simpsonville Township, NC
How many homes are available in Simpsonville Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Summary: The Simpsonville Township real estate market had 23 homes for sale in May 2024, a 35.3% 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 | 0 | 0.0% |
| 3 Bedrooms | 9 | 15 | +66.7% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Simpsonville 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Simpsonville Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Simpsonville Township in May 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Simpsonville Township, NC
How long does it take to sell a home in Simpsonville Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 28 Days | -38.9% |
Summary: Homes in Simpsonville Township had an average of 28 days on market in May 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Simpsonville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Simpsonville Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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