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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Lick Township is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Big Lick 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 Big Lick Township, NC

How much do homes in Big Lick Township, NC cost?

Median Sold Price

$332,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,500(+6.2%)

Key Takeaway

Homes in Big Lick Township have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Big Lick Township was $332,000 in March 2024, up 6.2% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $230K$225K
-2.2%
3 $267.5K$332K
+24.1%
4 $375K$425K
+13.3%
5+ $345K$272.2K
-21.1%

Summary: Big Lick 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 decreased by 2.2%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 21.1%.

Median Sold Price Compared To Nearby Cities

Furr Township
+6.3%
Big Lick Township
+6.2%
Oakboro
-2.7%

Housing Supply in Big Lick Township, NC

How many homes are available in Big Lick Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1214+16.7%

Summary: The Big Lick Township real estate market had 14 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 712
+71.4%
4 32
-33.3%
5+ 20
-100.0%

Summary: The Big Lick 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 increased by 71.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Big Lick Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Big Lick Township in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Big Lick Township, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
64 Days37 Days-41.8%

Summary: Homes in Big Lick Township had an average of 37 days on market in Mar 2024, down by 41.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Big Lick Township; 50% of homes were sold within 30 days, 50% 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 24 Days Ago

Newest Listings in Big Lick Township, NC

Nearby Markets to Big Lick Township, NC

What housing markets are near Big Lick Township, NC?