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 February 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

$332,500

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$21,000(+6.7%)

Key Takeaway

Homes in Abbotts Creek Township have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Abbotts Creek Township was $332,500 in February 2024, up 6.7% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $171.1K$216.5K
+26.5%
3 $270K$287.5K
+6.5%
4 $535K$532.4K
-0.5%
5+ $700K$575K
-17.9%

Summary: Abbotts Creek Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 17.9%.

Median Sold Price Compared To Nearby Cities

Midway Township
+20.7%
Abbotts Creek Township
+7.6%
Abbotts Creek Township
+6.7%
Broadbay Township
-7.0%

Housing Supply in Abbotts Creek Township, NC

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

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3641+13.9%

Summary: The Abbotts Creek Township real estate market had 41 homes for sale in February 2024, a 13.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 66
0.0%
3 2021
+5.0%
4 710
+42.9%
5+ 33
0.0%

Summary: The Abbotts Creek Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Abbotts Creek Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Abbotts Creek Township in February 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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

Feb 2023Feb 2024CHANGE
52 Days44 Days-16.7%

Summary: Homes in Abbotts Creek Township had an average of 44 days on market in Feb 2024, down by 16.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was 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 February 2024, 10 homes were sold in Abbotts Creek Township; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% 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 27 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?