Is Abbotts Creek Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Abbotts Creek Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Abbotts Creek Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Abbotts Creek Township, NC

How much do homes in Abbotts Creek Township, NC cost?

Median Sold Price

$359,950

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,145(+2.9%)

Key Takeaway

Homes in Abbotts Creek Township have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Abbotts Creek Township was $359,950 in May 2024, up 2.9% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $135K-
N/A
2 $285.3K$267K
-6.4%
3 $307K$330K
+7.5%
4 $389.9K$399.9K
+2.6%
5+ $475K$456K
-4.0%

Summary: Abbotts Creek 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 decreased by 6.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

Kernersville
+4.6%
Kernersville Township
+4.5%
Abbotts Creek Township
+2.9%
Colfax
-4.0%
Deep River Township
-4.1%

Housing Supply in Abbotts Creek Township, NC

How many homes are available in Abbotts Creek Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
117112-4.3%

Summary: The Abbotts Creek Township real estate market had 112 homes for sale in May 2024, a 4.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 6674
+12.1%
4 3424
-29.4%
5+ 76
-14.3%

Summary: The Abbotts Creek 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 decreased by 20%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3831-18.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Abbotts Creek Township, expect to pay close to the asking price. 48.4% of homes here sold near the asking price last month.

Summary: A total of 31 homes were sold or pending in Abbotts Creek Township in May 2024, down by 18.4% month-over-month. Of the 31 sold homes, 35% were sold under asking, 48% were sold at asking, and 16% were sold over asking.

Days on Market for Abbotts Creek Township, NC

How long does it take to sell a home in Abbotts Creek Township, NC?

Average Sale Time

May 2023May 2024CHANGE
41 Days32 Days-22.1%

Summary: Homes in Abbotts Creek Township had an average of 32 days on market in May 2024, down by 22.1% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 31 homes were sold in Abbotts Creek Township; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% 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 19 Days Ago

Newest Listings in Abbotts Creek Township, NC

Nearby Markets to Abbotts Creek Township, NC

What housing markets are near Abbotts Creek Township, NC?