Is Friendship 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, Friendship Township has remained a Seller's Market.
Housing Prices in Friendship Township, NC
How much do homes in Friendship Township, NC cost?
Median Sold Price
$277,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Friendship Township was $277,000 in March 2024, down 0.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $193K | $200K | +3.6% |
3 Bedrooms | $273.2K | $280K | +2.5% |
4 Bedrooms | $417.5K | $395K | -5.4% |
5+ Bedrooms | $400K | $467.5K | +16.9% |
Summary: Friendship 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 increased by 3.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
Greensboro | $249.9K | $275K | +10.0% |
Morehead Township | $270.6K | $290K | +7.1% |
Deep River Township | $374.9K | $390K | +4.0% |
Bruce Township | $557.7K | $574.7K | +3.0% |
Friendship Township | $278.2K | $277K | -0.4% |
Housing Supply in Friendship Township, NC
How many homes are available in Friendship Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 31 | -18.4% |
Summary: The Friendship Township real estate market had 31 homes for sale in March 2024, a 18.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 13 | -18.8% |
3 Bedrooms | 14 | 9 | -35.7% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Friendship 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 decreased by 18.8%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Friendship Township in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Friendship Township, NC
How long does it take to sell a home in Friendship Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 49 Days | -1.5% |
Summary: Homes in Friendship Township had an average of 49 days on market in Mar 2024, down by 1.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Friendship Township; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.