Is Sandy Ridge 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, Sandy Ridge Township has remained a Seller's Market.
Housing Prices in Sandy Ridge Township, NC
How much do homes in Sandy Ridge Township, NC cost?
Median Sold Price
$801,812
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sandy Ridge Township was $801,812 in May 2024, up 9.8% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $677.8K | N/A |
2 Bedrooms | $381.6K | $460K | +20.5% |
3 Bedrooms | $433.9K | $465K | +7.2% |
4 Bedrooms | $725K | $805K | +11.0% |
5+ Bedrooms | $890K | $923.3K | +3.7% |
Summary: Sandy Ridge Township 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 20.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
Waxhaw | $599.4K | $730.8K | +21.9% |
Marvin | $1.0M | $1.1M | +10.6% |
Weddington | $900K | $990K | +10.0% |
Sandy Ridge Township | $730.1K | $801.8K | +9.8% |
Wesley Chapel | $600K | $649.5K | +8.3% |
Housing Supply in Sandy Ridge Township, NC
How many homes are available in Sandy Ridge Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
253 | 296 | +17.0% |
Summary: The Sandy Ridge Township real estate market had 296 homes for sale in May 2024, a 17.0% increase 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 | 9 | 9 | 0.0% |
3 Bedrooms | 45 | 42 | -6.7% |
4 Bedrooms | 84 | 105 | +25.0% |
5+ Bedrooms | 115 | 140 | +21.7% |
Summary: The Sandy Ridge 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 decreased by 6.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 75 | +13.6% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in Sandy Ridge Township in May 2024, up by 13.6% month-over-month. Of the 75 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% were sold over asking.
Days on Market for Sandy Ridge Township, NC
How long does it take to sell a home in Sandy Ridge Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 18 Days | +9.1% |
Summary: Homes in Sandy Ridge Township had an average of 18 days on market in May 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 75 homes were sold in Sandy Ridge Township; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.