Is Mount Gilead Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mount Gilead Township was a Buyer's Market.
Housing Prices in Mount Gilead Township, NC
How much do homes in Mount Gilead Township, NC cost?
Median Sold Price
$240,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Gilead Township was $240,000 in April 2024, up 33.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $90K | 0.0% |
2 Bedrooms | $143.5K | $125K | -12.9% |
3 Bedrooms | $293.5K | $348.5K | +18.7% |
4 Bedrooms | $305K | $465K | +52.5% |
5+ Bedrooms | $125K | $395K | +216.0% |
Summary: Mount Gilead Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 52.5%, and 5+ bedroom homes increased by 216%.
Median Sold Price Compared To Nearby Cities
Mount Gilead Township | $180K | $240K | +33.3% |
Troy Township | $190K | $210K | +10.5% |
Mount Gilead | $245K | $240K | -2.0% |
Pee Dee Township | $253.7K | $133.2K | -47.5% |
Housing Supply in Mount Gilead Township, NC
How many homes are available in Mount Gilead Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 72 | +10.8% |
Summary: The Mount Gilead Township real estate market had 72 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 32 | 36 | +12.5% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mount Gilead Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Mount Gilead Township in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% were sold over asking.
Days on Market for Mount Gilead Township, NC
How long does it take to sell a home in Mount Gilead Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 86 Days | +32.4% |
Summary: Homes in Mount Gilead Township had an average of 86 days on market in Apr 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Mount Gilead Township; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.