Is Ferrells Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Ferrells Township was a Buyer'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
$300,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
The sold price of homes in Ferrells Township has remained the same since last year.
Summary: The median home sold price in Ferrells Township was $300,000 in November 2023, up 0.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $91K | N/A |
| 3 Bedrooms | $282.5K | $317.9K | +12.5% |
| 4 Bedrooms | $321.8K | $294.1K | -8.6% |
| 5+ Bedrooms | $355K | $315.9K | -11.0% |
Summary: Ferrells Township housing prices by bedroom type for November 2023 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 12.5%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Cities
| Dunn Township | $245.2K | $283.5K | +15.6% |
| Ferrells Township | $298.7K | $300K | 0.4% |
| Bailey Township | $305.9K | $304K | -0.6% |
| Dry Wells Township | $312K | $299.9K | -3.9% |
Housing Supply in Ferrells Township, NC
How many homes are available in Ferrells Township, NC?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Summary: The Ferrells Township real estate market had 10 homes for sale in November 2023, a 33.3% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Ferrells Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ferrells Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Ferrells Township in November 2023, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 137 Days | 172 Days | +25.7% |
Summary: Homes in Ferrells Township had an average of 172 days on market in Nov 2023, up by 25.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 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 November 2023, 6 homes were sold in Ferrells Township; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 83% of homes were sold over 90 days.
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