Is New Salem 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, New Salem Township was a Neutral Market.
Housing Prices in New Salem Township, NC
How much do homes in New Salem Township, NC cost?
Median Sold Price
$499,950
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Salem Township was $499,950 in April 2024, up 25.2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $275K | $292K | +6.2% |
3 Bedrooms | $390.7K | $415K | +6.2% |
4 Bedrooms | $460K | $630K | +37.0% |
5+ Bedrooms | - | - | N/A |
Summary: New Salem 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 increased by 6.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 37%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
New Salem Township | $399.4K | $499.9K | +25.2% |
Marshville Township | $290K | $350K | +20.7% |
Burnsville Township | $319K | $353.7K | +10.9% |
Furr Township | $360K | $381.5K | +6.0% |
Big Lick Township | $319K | $332K | +4.1% |
Housing Supply in New Salem Township, NC
How many homes are available in New Salem Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Summary: The New Salem Township real estate market had 8 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Salem Township housing inventory by bedroom type for April 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 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in New Salem Township in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for New Salem Township, NC
How long does it take to sell a home in New Salem Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
121 Days | 19 Days | -84.0% |
Summary: Homes in New Salem Township had an average of 19 days on market in Apr 2024, down by 84% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in New Salem Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.