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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barringer Township is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Barringer Township was a Seller's Market.

Key Takeaway

Barringer Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Barringer Township, NC

How much do homes in Barringer Township, NC cost?

Median Sold Price

$368,950

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,337(+2.9%)

Key Takeaway

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

Summary: The median home sold price in Barringer Township was $368,950 in September 2024, up 2.9% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$185K
N/A
2 $120K$255K
+112.5%
3 $352.5K$334.9K
-5.0%
4 $372.9K$434.9K
+16.6%
5+ $420.4K$516.1K
+22.8%

Summary: Barringer Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 112.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 22.8%.

Median Sold Price Compared To Nearby Cities

Mount Ulla Township
+42.4%
Mooresville
+6.7%
Troutman
+6.2%
Barringer Township
+2.9%

Housing Supply in Barringer Township, NC

How many homes are available in Barringer Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6578+20.0%

Summary: The Barringer Township real estate market had 78 homes for sale in September 2024, a 20.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 3136
+16.1%
4 1923
+21.1%
5+ 1215
+25.0%

Summary: The Barringer Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barringer Township, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Barringer Township in September 2024, up by 62.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% were sold over asking.

Days on Market for Barringer Township, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
24 Days37 Days+51.8%

Summary: Homes in Barringer Township had an average of 37 days on market in Sep 2024, up by 51.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 13 homes were sold in Barringer Township; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 Sep 1, 2024

Newest Listings in Barringer Township, NC

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