Is Sulphur Springs Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sulphur Springs Township is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Sulphur Springs Township was a Seller's Market.

Key Takeaway

Sulphur Springs Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sulphur Springs Township, NC

How much do homes in Sulphur Springs Township, NC cost?

Median Sold Price

$235,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,000(+3.5%)

Key Takeaway

Homes in Sulphur Springs Township have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Sulphur Springs Township was $235,500 in May 2024, up 3.5% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $248K$162K
-34.7%
3 $227.5K$235.5K
+3.5%
4 $170K$410K
+141.2%
5+ -$481K
N/A

Summary: Sulphur Springs 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 34.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 141.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cool Spring Township
+12.1%
Rutherfordton Township
+8.5%
Sulphur Springs Township
+3.5%
High Shoals Township
-2.9%
Union Township
-5.6%

Housing Supply in Sulphur Springs Township, NC

How many homes are available in Sulphur Springs Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1416+14.3%

Summary: The Sulphur Springs Township real estate market had 16 homes for sale in May 2024, a 14.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 36
+100.0%
4 23
+50.0%
5+ 11
0.0%

Summary: The Sulphur Springs 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 25%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sulphur Springs Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Sulphur Springs Township in May 2024, up by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Sulphur Springs Township, NC

How long does it take to sell a home in Sulphur Springs Township, NC?

Average Sale Time

May 2023May 2024CHANGE
22 Days98 Days+340.4%

Summary: Homes in Sulphur Springs Township had an average of 98 days on market in May 2024, up by 340.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sulphur Springs Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 3 homes were sold in Sulphur Springs Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 Sulphur Springs Township, NC

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