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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Back Creek Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Back Creek Township, NC

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

Median Sold Price

$315,529

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$529(+0.2%)

Key Takeaway

The sold price of homes in Back Creek Township has remained the same since last year.

Summary: The median home sold price in Back Creek Township was $315,529 in March 2024, up 0.2% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$270K
N/A
2 $245K$262.9K
+7.3%
3 $307.5K$307.7K
0.1%
4 $525K$629K
+19.8%
5+ $1.7M-
N/A

Summary: Back Creek Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Asheboro Township
+22.7%
Randleman Township
+6.8%
Randleman
+5.1%
Sophia
+4.9%
Back Creek Township
0.2%

Housing Supply in Back Creek Township, NC

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
54-20.0%

Summary: The Back Creek Township real estate market had 4 homes for sale in March 2024, a 20.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 10
-100.0%
5+ 22
0.0%

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

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Back Creek Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Back Creek Township in March 2024, up by 100.0% month-over-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 Back Creek Township, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
4 Days2 Days-44.4%

Summary: Homes in Back Creek Township had an average of 2 days on market in Mar 2024, down by 44.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Back Creek Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Back Creek Township, NC

Nearby Markets to Back Creek Township, NC

What housing markets are near Back Creek Township, NC?