Is Cool Spring Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cool Spring Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Cool Spring Township has remained a Seller's Market.

Key Takeaway

Cool Spring Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cool Spring Township, NC

How much do homes in Cool Spring Township, NC cost?

Median Sold Price

$217,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$23,500(+12.1%)

Key Takeaway

Homes in Cool Spring Township have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Cool Spring Township was $217,000 in May 2024, up 12.1% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $255K$131.5K
-48.4%
2 $144K$165K
+14.6%
3 $197K$220K
+11.7%
4 $223.5K$300K
+34.2%
5+ $340.7K$238K
-30.1%

Summary: Cool Spring Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.4%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes decreased by 30.1%.

Median Sold Price Compared To Nearby Cities

Forest City
+14.2%
Cool Spring Township
+12.1%
Spindale
+0.9%
Colfax Township
-23.1%

Housing Supply in Cool Spring Township, NC

How many homes are available in Cool Spring Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5867+15.5%

Summary: The Cool Spring Township real estate market had 67 homes for sale in May 2024, a 15.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1417
+21.4%
3 3843
+13.2%
4 34
+33.3%
5+ 33
0.0%

Summary: The Cool Spring 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 increased by 21.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
914+55.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cool Spring Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Cool Spring Township in May 2024, up by 55.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 36% were sold at asking, and 7% were sold over asking.

Days on Market for Cool Spring Township, NC

How long does it take to sell a home in Cool Spring Township, NC?

Average Sale Time

May 2023May 2024CHANGE
33 Days48 Days+45.6%

Summary: Homes in Cool Spring Township had an average of 48 days on market in May 2024, up by 45.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cool Spring Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 14 homes were sold in Cool Spring Township; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

Newest Listings in Cool Spring Township, NC

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