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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black River Township is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Black River Township was a Buyer's Market.

Key Takeaway

Black River 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 Black River Township, NC

How much do homes in Black River Township, NC cost?

Median Sold Price

$344,990

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$15,010(-4.2%)

Key Takeaway

Homes in Black River Township have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Black River Township was $344,990 in February 2024, down 4.2% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $224.9K$199.9K
-11.1%
3 $342.1K$335K
-2.1%
4 $397.8K$364.9K
-8.3%
5+ $450K$429.9K
-4.4%

Summary: Black River 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 decreased by 11.1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Cities

Neills Creek Township
+2.2%
Fuquay Varina
-1.1%
Hectors Creek Township
-1.2%
Angier
-4.1%
Black River Township
-4.2%

Housing Supply in Black River Township, NC

How many homes are available in Black River Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8592+8.2%

Summary: The Black River Township real estate market had 92 homes for sale in February 2024, a 8.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 710
+42.9%
3 5155
+7.8%
4 2526
+4.0%
5+ 21
-50.0%

Summary: The Black River Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
14140.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black River Township, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Black River Township in February 2024, the same as the previous month. Of the 13 sold homes, 46% were sold under asking, 38% were sold at asking, and 15% were sold over asking.

Days on Market for Black River Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
99 Days118 Days+19.2%

Summary: Homes in Black River Township had an average of 118 days on market in Feb 2024, up by 19.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Black River Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 14 homes were sold in Black River Township; 7% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 50% 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 28 Days Ago

Newest Listings in Black River Township, NC

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What housing markets are near Black River Township, NC?