Is Fallstown 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, Fallstown Township has remained a Neutral Market.
Key Takeaway
Fallstown Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fallstown Township, NC
How much do homes in Fallstown Township, NC cost?
Median Sold Price
$425,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fallstown Township have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Fallstown Township was $425,000 in March 2024, down 2.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $329K | +56.7% |
| 3 Bedrooms | $342.9K | $367.4K | +7.2% |
| 4 Bedrooms | $462.1K | $495K | +7.1% |
| 5+ Bedrooms | $461K | $513K | +11.3% |
Summary: Fallstown 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 increased by 56.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Statesville Township | $251.9K | $289.9K | +15.1% |
| Barringer Township | $336.5K | $365K | +8.4% |
| Fallstown Township | $436.4K | $425K | -2.6% |
| Troutman | $414.4K | $379.9K | -8.3% |
Housing Supply in Fallstown Township, NC
How many homes are available in Fallstown Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 112 | 122 | +8.9% |
Summary: The Fallstown Township real estate market had 122 homes for sale in March 2024, a 8.9% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 45 | 52 | +15.6% |
| 4 Bedrooms | 42 | 44 | +4.8% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Fallstown 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 15.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fallstown Township, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Fallstown Township in March 2024, up by 17.6% month-over-month. Of the 20 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% were sold over asking.
Days on Market for Fallstown Township, NC
How long does it take to sell a home in Fallstown Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 62 Days | -12.2% |
Summary: Homes in Fallstown Township had an average of 62 days on market in Mar 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fallstown Township has remained consistent over time.
Summary: During March 2024, 20 homes were sold in Fallstown Township; 25% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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