Is Boone Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Boone Township was a Buyer's Market.
Key Takeaway
Boone Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boone Township, NC
How much do homes in Boone Township, NC cost?
Median Sold Price
$279,997
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Boone Township have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in Boone Township was $279,997 in March 2024, up 20.4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | $337.5K | +174.4% |
| 2 Bedrooms | $132K | $200K | +51.5% |
| 3 Bedrooms | $252K | $280K | +11.1% |
| 4 Bedrooms | $309.1K | $279.9K | -9.4% |
| 5+ Bedrooms | $1.2M | $676K | -43.7% |
Summary: Boone Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 174.4%, 2 bedroom homes increased by 51.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 43.7%.
Median Sold Price Compared To Nearby Cities
| Boone Township | $232.5K | $279.9K | +20.4% |
| Linwood | $223.7K | $265K | +18.5% |
| Franklin Township | $256K | $298.5K | +16.6% |
| Salisbury Township | $231K | $267.8K | +15.9% |
| Tyro Township | $270.5K | $285.9K | +5.7% |
Housing Supply in Boone Township, NC
How many homes are available in Boone Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The Boone Township real estate market had 28 homes for sale in March 2024, a 3.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Boone Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boone Township, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Boone Township in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Boone Township, NC
How long does it take to sell a home in Boone Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 26 Days | -28.8% |
Summary: Homes in Boone Township had an average of 26 days on market in Mar 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Boone Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Boone Township; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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