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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bruce Township is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, Bruce Township has remained a Seller's Market.

Key Takeaway

Bruce Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bruce Township, NC cost?

Median Sold Price

$551,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$97,000(+21.4%)

Key Takeaway

Homes in Bruce Township have sold for 21.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 -$172.7K
N/A
2 $175K$365K
+108.6%
3 $333.5K$435K
+30.4%
4 $575K$633K
+10.1%
5+ $768K$842.5K
+9.7%

Median Sold Price Compared To Nearby Cities

Stokesdale
+33.3%
Summerfield
+28.1%
Center Grove Township
+25.2%
Bruce Township
+21.4%
Morehead Township
+14.3%

How many homes are available in Bruce Township, NC?

Number of Homes For Sale

Jan 2023Feb 2023%
3840+5.3%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 10
-100.0%
3 118
-27.3%
4 2630
+15.4%
5+ 02
+100.0%

Number of Homes Sold

Jan 2023Feb 2023%
710+42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bruce Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
26 Days26 Days0.4%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bruce Township, NC

Bruce Township, NC has 40 homes on the market. In February 2023 in Bruce Township, NC there were 5.3% more homes for sale than in January 2023. In February 2023, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $551,000. Listing prices have changed in this real estate market between January 2023 and February 2023: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 108.6% more expensive, 3 bedrooms properties prices increased by 30.4%, 4 bedrooms properties became 10.1% more expensive, the cost of 5 bedrooms properties went up by 9.7%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 100%, number of 3 bedrooms homes decreased by 27.3%, the quantity of 4 bedrooms homes went up by 15.4%, 5 bedrooms homes became 100% more available. While more than 3 listings in Bruce Township, NC in February 2023 were sold above asking price, there were more than 3 listings sold at asking price, and more than 4 were sold below.

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