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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fentress Township is a neutral's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

Fentress 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 Fentress Township, NC

How much do homes in Fentress Township, NC cost?

Median Sold Price

$331,500

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$24,000(+7.8%)

Key Takeaway

Homes in Fentress Township have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Fentress Township was $331,500 in June 2024, up 7.8% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $199K$186K
-6.5%
3 $275K$302.4K
+10.0%
4 $384.9K$391.5K
+1.7%
5+ $440.5K$585K
+32.8%

Summary: Fentress Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 32.8%.

Median Sold Price Compared To Nearby Cities

Fentress Township
+7.8%
Clay Township
+7.8%
Gilmer Township
+4.2%
Sumner Township
-0.4%
Pleasant Garden
-3.1%

Housing Supply in Fentress Township, NC

How many homes are available in Fentress Township, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
3336+9.1%

Summary: The Fentress Township real estate market had 36 homes for sale in June 2024, a 9.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1918
-5.3%
4 914
+55.6%
5+ 11
0.0%

Summary: The Fentress Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fentress Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Fentress Township in June 2024, down by 53.8% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Fentress Township, NC

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

Average Sale Time

Jun 2023Jun 2024CHANGE
23 Days21 Days-8.7%

Summary: Homes in Fentress Township had an average of 21 days on market in Jun 2024, down by 8.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 6 homes were sold in Fentress Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Fentress Township, NC

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