Is Upper Hominy 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, Upper Hominy Township was a Seller's Market.
Housing Prices in Upper Hominy Township, NC
How much do homes in Upper Hominy Township, NC cost?
Median Sold Price
$409,500
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper Hominy Township was $409,500 in May 2024, up 6.4% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $318.5K | $305K | -4.2% |
2 Bedrooms | $272.5K | $300.1K | +10.1% |
3 Bedrooms | $394.7K | $420K | +6.4% |
4 Bedrooms | $578.7K | $549K | -5.1% |
5+ Bedrooms | $391.1K | $529.2K | +35.3% |
Summary: Upper Hominy Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 35.3%.
Median Sold Price Compared To Nearby Cities
Lower Hominy Township | $412.2K | $460.9K | +11.8% |
Beaverdam Township | $300K | $333K | +11.0% |
Candler | $395.5K | $429K | +8.5% |
Upper Hominy Township | $384.9K | $409.5K | +6.4% |
Avery Creek Township | $570.2K | $589.9K | +3.5% |
Housing Supply in Upper Hominy Township, NC
How many homes are available in Upper Hominy Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 72 | +24.1% |
Summary: The Upper Hominy Township real estate market had 72 homes for sale in May 2024, a 24.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 36 | 50 | +38.9% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Upper Hominy 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 38.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Upper Hominy Township in May 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Upper Hominy Township, NC
How long does it take to sell a home in Upper Hominy Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 9 Days | -43.5% |
Summary: Homes in Upper Hominy Township had an average of 9 days on market in May 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Upper Hominy Township; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.