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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cool Spring Township is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Cool Spring Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Cool Spring Township, NC

How much do homes in Cool Spring Township, NC cost?

Median Sold Price

$214,500

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,000(+9.7%)

Key Takeaway

Homes in Cool Spring Township have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Cool Spring Township was $214,500 in March 2024, up 9.7% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $255K$131.5K
-48.4%
2 $139.7K$162K
+16.0%
3 $198K$216.5K
+9.3%
4 $227.7K$300K
+31.7%
5+ $340.7K$238K
-30.1%

Summary: Cool Spring Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.4%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes decreased by 30.1%.

Median Sold Price Compared To Nearby Cities

Colfax Township
+26.6%
Forest City
+13.5%
Cool Spring Township
+9.7%
Spindale
-3.7%

Housing Supply in Cool Spring Township, NC

How many homes are available in Cool Spring Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4854+12.5%

Summary: The Cool Spring Township real estate market had 54 homes for sale in March 2024, a 12.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 3337
+12.1%
4 45
+25.0%
5+ 12
+100.0%

Summary: The Cool Spring 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 remained the same, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
126-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cool Spring Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Cool Spring Township in March 2024, down by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Cool Spring Township, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
62 Days72 Days+15.6%

Summary: Homes in Cool Spring Township had an average of 72 days on market in Mar 2024, up by 15.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cool Spring Township has remained consistent over time.

Summary: During March 2024, 6 homes were sold in Cool Spring Township; 0% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 17% 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 25 Days Ago

Newest Listings in Cool Spring Township, NC

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What housing markets are near Cool Spring Township, NC?