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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fallstown Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Fallstown Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Fallstown Township, NC

How much do homes in Fallstown Township, NC cost?

Median Sold Price

$405,878

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,121(-0.5%)

Key Takeaway

Homes in Fallstown Township have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Fallstown Township was $405,878 in November 2024, down 0.5% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $329K$240K
-27.1%
3 $360K$378.2K
+5.1%
4 $528.4K$458K
-13.3%
5+ $457K$495K
+8.3%

Summary: Fallstown Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Cities

Statesville Township
+9.2%
Troutman
+8.0%
Barringer Township
+4.6%
Fallstown Township
-0.5%

Housing Supply in Fallstown Township, NC

How many homes are available in Fallstown Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
191180-5.8%

Summary: The Fallstown Township real estate market had 180 homes for sale in November 2024, a 5.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 53
-40.0%
3 8175
-7.4%
4 7878
0.0%
5+ 2522
-12.0%

Summary: The Fallstown Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2823-17.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fallstown Township, expect to pay close to the asking price. 47.8% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in Fallstown Township in November 2024, down by 17.9% month-over-month. Of the 23 sold homes, 39% were sold under asking, 48% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
81 Days51 Days-37.5%

Summary: Homes in Fallstown Township had an average of 51 days on market in Nov 2024, down by 37.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fallstown Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 23 homes were sold in Fallstown Township; 48% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 30% 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 1 Day Ago

Newest Listings in Fallstown Township, NC

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What housing markets are near Fallstown Township, NC?