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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Center Township is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Center Township has remained a Buyer's Market.

Key Takeaway

Center Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Center Township, NC

How much do homes in Center Township, NC cost?

Median Sold Price

$486,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$6,500(+1.4%)

Key Takeaway

Homes in Center Township have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Center Township was $486,000 in February 2024, up 1.4% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $254K$330.7K
+30.2%
2 $290K$330K
+13.8%
3 $425K$429K
+0.9%
4 $575K$557.3K
-3.1%
5+ $679.9K$670K
-1.5%

Summary: Center Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.2%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 1.5%.

Median Sold Price Compared To Nearby Cities

Pittsboro
+2.7%
Center Township
+1.4%
Hickory Mountain Township
-15.0%

Housing Supply in Center Township, NC

How many homes are available in Center Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8984-5.6%

Summary: The Center Township real estate market had 84 homes for sale in February 2024, a 5.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 75
-28.6%
3 4343
0.0%
4 3330
-9.1%
5+ 55
0.0%

Summary: The Center Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Center Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Center Township in February 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.

Days on Market for Center Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
107 Days221 Days+106.3%

Summary: Homes in Center Township had an average of 221 days on market in Feb 2024, up by 106.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Center Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 11 homes were sold in Center Township; 9% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 73% 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 28 Days Ago

Newest Listings in Center Township, NC

Nearby Markets to Center Township, NC

What housing markets are near Center Township, NC?