Is Buford Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Buford Township has remained a Seller's Market.
Key Takeaway
Buford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buford Township, NC
How much do homes in Buford Township, NC cost?
Median Sold Price
$393,950
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Buford Township have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Buford Township was $393,950 in March 2024, up 7.9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $540K | - | N/A |
| 2 Bedrooms | $290K | $265K | -8.6% |
| 3 Bedrooms | $364.3K | $389.5K | +6.9% |
| 4 Bedrooms | $417.5K | $442.5K | +6.0% |
| 5+ Bedrooms | $530K | $485K | -8.5% |
Summary: Buford 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 8.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Marshville Township | $288.5K | $330K | +14.4% |
| Lanes Creek Township | $359.4K | $389.9K | +8.5% |
| Buford Township | $365K | $393.9K | +7.9% |
| Monroe Township | $349.1K | $374.9K | +7.4% |
| Mineral Springs | $525.2K | $412K | -21.6% |
Housing Supply in Buford Township, NC
How many homes are available in Buford Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Summary: The Buford Township real estate market had 29 homes for sale in March 2024, a 6.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Buford 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 decreased by 50%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buford Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Buford Township in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Buford Township, NC
How long does it take to sell a home in Buford Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 89 Days | 39 Days | -56.3% |
Summary: Homes in Buford Township had an average of 39 days on market in Mar 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Buford Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Buford Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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