Is Willow Spring, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Willow Spring has remained a Seller's Market.
Key Takeaway
Willow Spring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Willow Spring, NC
How much do homes in Willow Spring, NC cost?
Median Sold Price
$405,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Willow Spring have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Willow Spring was $405,000 in May 2024, down 4.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | - | N/A |
| 2 Bedrooms | $275K | $315.5K | +14.7% |
| 3 Bedrooms | $372K | $374K | 0.5% |
| 4 Bedrooms | $499.9K | $499.9K | 0.0% |
| 5+ Bedrooms | $622.4K | $522K | -16.1% |
Summary: Willow Spring 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 increased by 14.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
| Fuquay-Varina | $425K | $435K | +2.4% |
| Pleasant Grove Township | $380K | $384.8K | +1.3% |
| Black River Township | $350K | $349.1K | -0.3% |
| Angier | $360.2K | $354.4K | -1.6% |
| Willow Spring | $425K | $405K | -4.7% |
Housing Supply in Willow Spring, NC
How many homes are available in Willow Spring, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 101 | 85 | -15.8% |
Summary: The Willow Spring real estate market had 85 homes for sale in May 2024, a 15.8% decrease 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 | 68 | 52 | -23.5% |
| 4 Bedrooms | 32 | 29 | -9.4% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Willow Spring 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 decreased by 23.5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 18 | -37.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Willow Spring, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Willow Spring in May 2024, down by 37.9% month-over-month. Of the 18 sold homes, 39% were sold under asking, 28% were sold at asking, and 33% were sold over asking.
Days on Market for Willow Spring, NC
How long does it take to sell a home in Willow Spring, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 114 Days | 11 Days | -89.6% |
Summary: Homes in Willow Spring had an average of 11 days on market in May 2024, down by 89.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Willow Spring are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Willow Spring; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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