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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cerro Gordo Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Cerro Gordo Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cerro Gordo Township, NC

How much do homes in Cerro Gordo Township, NC cost?

Median Sold Price

$132,000

$129/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$233,000(-63.8%)

Key Takeaway

Homes in Cerro Gordo Township have sold for 63.8% less than they did a month ago.

Summary: The median home sold price in Cerro Gordo Township was $132,000 in September 2024, down 63.8% from last month, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$132K
N/A
3 $365K-
N/A
4 --
N/A
5+ --
N/A

Summary: Cerro Gordo Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Green Sea
+5.8%
Cerro Gordo Township
-63.8%

Housing Supply in Cerro Gordo Township, NC

How many homes are available in Cerro Gordo Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
32-33.3%

Summary: The Cerro Gordo Township real estate market had 2 homes for sale in September 2024, a 33.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Cerro Gordo Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cerro Gordo Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Cerro Gordo Township in September 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cerro Gordo Township, NC

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

Average Sale Time

Aug 2024Sep 2024CHANGE
152 Days149 Days-2.0%

Summary: Homes in Cerro Gordo Township had an average of 149 days on market in Sep 2024, down by 2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 1 homes were sold in Cerro Gordo Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 30 Days Ago

Newest Listings in Cerro Gordo Township, NC

Nearby Markets to Cerro Gordo Township, NC

What housing markets are near Cerro Gordo Township, NC?