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.
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
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
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
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.