Is Cool Springs 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, Cool Springs Township has remained a Seller's Market.
Key Takeaway
Cool Springs Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cool Springs Township, NC
How much do homes in Cool Springs Township, NC cost?
Median Sold Price
$335,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cool Springs Township have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Cool Springs Township was $335,000 in March 2024, up 11.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $198.7K | $152.5K | -23.3% |
| 3 Bedrooms | $266K | $335K | +25.9% |
| 4 Bedrooms | $410K | $700K | +70.7% |
| 5+ Bedrooms | $485.7K | - | N/A |
Summary: Cool Springs 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 23.3%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 70.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Turnersburg Township | $235K | $277K | +17.9% |
| Cool Springs Township | $300K | $335K | +11.7% |
| Olin Township | $292.7K | $312.5K | +6.7% |
| Bethany Township | $288.6K | $299K | +3.6% |
Housing Supply in Cool Springs Township, NC
How many homes are available in Cool Springs Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Cool Springs Township real estate market had 11 homes for sale in March 2024, a 10.0% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cool Springs 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cool Springs Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Cool Springs Township in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Cool Springs Township, NC
How long does it take to sell a home in Cool Springs Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 4 Days | -52.5% |
Summary: Homes in Cool Springs Township had an average of 4 days on market in Mar 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cool Springs Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Cool Springs Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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