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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Friendship Township is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Friendship Township has remained a Seller's Market.

Key Takeaway

Friendship Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Friendship Township, NC cost?

Median Sold Price

$270,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$35,000(+14.9%)

Key Takeaway

Homes in Friendship Township have sold for 14.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $128.7K$194K
+50.7%
3 $215K$272.2K
+26.6%
4 $329.5K$420K
+27.5%
5+ $382.5K$407.5K
+6.5%

Median Sold Price Compared To Nearby Cities

Bruce Township
+25.7%
Deep River Township
+17.6%
Friendship Township
+14.9%
Morehead Township
+14.7%
Greensboro
+13.7%

How many homes are available in Friendship Township, NC?

Number of Homes For Sale

Dec 2022Jan 2023%
2523-8.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 66
0.0%
3 1312
-7.7%
4 43
-25.0%
5+ 22
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
712+71.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Friendship Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
8 Days30 Days+254.7%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Friendship Township, NC

There are 23 homes are for sale in Friendship Township, NC real estate market. The inventory of homes for sale in Friendship Township, NC between December 2022 and January 2023 decreased by 8%. In January 2023 median list price was $270,000 and the average listing age was 30 days. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 50.7% more expensive, the cost of 3 bedrooms properties went up by 26.6%, 4 bedrooms properties prices increased by 27.5%, prices of 5 bedrooms properties increased by 6.5%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory decreased by 7.7%, volume of 4 bedrooms homes went down by 25%, 5 bedrooms homes inventory did not change. Over 1 listings were sold over their listed price in January 2023 in Friendship Township, NC. In the same period over 9 listings were sold below the listed price and 2 listings were sold for the listed price.

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