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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Catawba Springs Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Catawba Springs Township, NC

How much do homes in Catawba Springs Township, NC cost?

Median Sold Price

$489,612

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$2,488(-0.5%)

Key Takeaway

Homes in Catawba Springs Township have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Catawba Springs Township was $489,612 in February 2024, down 0.5% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $335K$225K
-32.8%
2 $448.3K$417.5K
-6.9%
3 $427.5K$419.7K
-1.8%
4 $592.5K$629.9K
+6.3%
5+ $770K$725.5K
-5.8%

Summary: Catawba Springs Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.8%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Cities

Iron Station
+6.6%
Catawba Springs Township
-0.5%
Denver
-2.2%
Sherrills Ford
-10.5%

Housing Supply in Catawba Springs Township, NC

How many homes are available in Catawba Springs Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
158172+8.9%

Summary: The Catawba Springs Township real estate market had 172 homes for sale in February 2024, a 8.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 2022
+10.0%
3 5761
+7.0%
4 5761
+7.0%
5+ 2328
+21.7%

Summary: The Catawba Springs Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 21.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2337+60.9%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Catawba Springs Township, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Catawba Springs Township in February 2024, up by 60.9% month-over-month. Of the 37 sold homes, 57% were sold under asking, 19% were sold at asking, and 24% were sold over asking.

Days on Market for Catawba Springs Township, NC

How long does it take to sell a home in Catawba Springs Township, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
37 Days59 Days+57.7%

Summary: Homes in Catawba Springs Township had an average of 59 days on market in Feb 2024, up by 57.7% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Catawba Springs Township has remained consistent over time.

Summary: During February 2024, 37 homes were sold in Catawba Springs Township; 35% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 24% 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 4 Days Ago

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