Is Traphill, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Traphill is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Traphill was a Seller's Market.

Key Takeaway

Traphill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Traphill, NC

How much do homes in Traphill, NC cost?

Median Sold Price

$330,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$35,000(-9.6%)

Key Takeaway

Homes in Traphill have sold for 9.6% less than they did a year ago.

Summary: The median home sold price in Traphill was $330,000 in May 2024, down 9.6% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $239K$101.5K
-57.5%
2 $353.9K$300K
-15.2%
3 $365K$470K
+28.8%
4 --
N/A
5+ $365K-
N/A

Summary: Traphill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.5%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes increased by 28.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Traphill
-9.6%
Traphill Township
-31.9%

Housing Supply in Traphill, NC

How many homes are available in Traphill, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
118-27.3%

Summary: The Traphill real estate market had 8 homes for sale in May 2024, a 27.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 22
0.0%
3 75
-28.6%
4 00
0.0%
5+ 00
0.0%

Summary: The Traphill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Traphill, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Traphill in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Traphill, NC

How long does it take to sell a home in Traphill, NC?

Average Sale Time

May 2023May 2024CHANGE
2 Days139 Days+6850.0%

Summary: Homes in Traphill had an average of 139 days on market in May 2024, up by 6850% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Traphill; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 8 Days Ago

Newest Listings in Traphill, NC

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