Is Ferrells 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, Ferrells Township has remained a Seller's Market.
Key Takeaway
Ferrells Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ferrells Township, NC
How much do homes in Ferrells Township, NC cost?
Median Sold Price
$310,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ferrells Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Ferrells Township was $310,000 in March 2024, up 3.8% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $91K | N/A |
| 3 Bedrooms | $295K | $350K | +18.6% |
| 4 Bedrooms | $294.3K | $283.4K | -3.7% |
| 5+ Bedrooms | $324.9K | $315.9K | -2.8% |
Summary: Ferrells 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 did not change, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Dunn Township | $255K | $288.9K | +13.3% |
| Ferrells Township | $298.7K | $310K | +3.8% |
| Dry Wells Township | $299.9K | $305K | +1.7% |
| Bailey Township | $305.9K | $300K | -1.9% |
| Jackson Township | $380K | $325K | -14.5% |
Housing Supply in Ferrells Township, NC
How many homes are available in Ferrells Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The Ferrells Township real estate market had 4 homes for sale in March 2024, the same as 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 | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ferrells 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ferrells Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Ferrells Township in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Ferrells Township, NC
How long does it take to sell a home in Ferrells Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 135 Days | 140 Days | +4.0% |
Summary: Homes in Ferrells Township had an average of 140 days on market in Mar 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ferrells Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Ferrells Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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