Is Youngsville Township, 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, Youngsville Township has remained a Seller's Market.
Key Takeaway
Youngsville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Youngsville Township, NC
How much do homes in Youngsville Township, NC cost?
Median Sold Price
$425,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Youngsville Township have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Youngsville Township was $425,000 in May 2024, up 2.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $95K | -55.8% |
| 2 Bedrooms | $440K | $468.7K | +6.5% |
| 3 Bedrooms | $383K | $385K | 0.5% |
| 4 Bedrooms | $440K | $495.9K | +12.7% |
| 5+ Bedrooms | $433.4K | $449.4K | +3.7% |
Summary: Youngsville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.8%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Youngsville | $419.5K | $438.1K | +4.4% |
| Wake Forest | $525.7K | $539.2K | +2.6% |
| Youngsville Township | $414.9K | $425K | +2.4% |
| Harris Township | $369.9K | $364.4K | -1.5% |
| Franklinton Township | $376.8K | $369.1K | -2.0% |
Housing Supply in Youngsville Township, NC
How many homes are available in Youngsville Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 164 | 173 | +5.5% |
Summary: The Youngsville Township real estate market had 173 homes for sale in May 2024, a 5.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 62 | 69 | +11.3% |
| 4 Bedrooms | 82 | 80 | -2.4% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Youngsville 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 11.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Youngsville Township, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Youngsville Township in May 2024, the same as the previous month. Of the 36 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.
Days on Market for Youngsville Township, NC
How long does it take to sell a home in Youngsville Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 86 Days | 17 Days | -80.1% |
Summary: Homes in Youngsville Township had an average of 17 days on market in May 2024, down by 80.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Youngsville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Youngsville Township; 86% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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