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 Last Month

Last month, Black River Township was a Seller'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

$300,000

$140/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$20,550(+7.4%)

Key Takeaway

Homes in Black River Township have sold for 7.4% more than they did a month ago.

Summary: The median home sold price in Black River Township was $300,000 in May 2024, up 7.4% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $299K$300K
0.3%
4 $259.9K-
N/A
5+ --
N/A

Summary: Black River Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Black River Township
+7.4%
Godwin
-26.8%
Godwin
-36.6%

Housing Supply in Black River Township, NC

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

Number of Homes For Sale

Apr 2024May 2024CHANGE
912+33.3%

Summary: The Black River Township real estate market had 12 homes for sale in May 2024, a 33.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 711
+57.1%
4 21
-50.0%
5+ 00
0.0%

Summary: The Black River Township housing inventory by bedroom type for May 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 57.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black River Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Black River Township in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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

Apr 2024May 2024CHANGE
12 Days22 Days+83.3%

Summary: Homes in Black River Township had an average of 22 days on market in May 2024, up by 83.3% compared to last month.

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 Black River Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Black River 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 Black River Township, NC

Nearby Markets to Black River Township, NC

What housing markets are near Black River Township, NC?