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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Furr Township is a seller's market

Buyer's
Market

Difference Since May 2022

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

Key Takeaway

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

How much do homes in Furr Township, NC cost?

Median Sold Price

$365,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$38,500(+11.8%)

Key Takeaway

Homes in Furr Township have sold for 11.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $80K$135K
+68.8%
2 $225K$260K
+15.6%
3 $318.9K$358K
+12.2%
4 $369.9K$401.5K
+8.5%
5+ $485K$468.5K
-3.4%

Median Sold Price Compared To Nearby Cities

Stanfield
+55.4%
Oakboro
+22.5%
Furr Township
+11.8%
Locust
+8.8%

How many homes are available in Furr Township, NC?

Number of Homes For Sale

Apr 2023May 2023%
8172-11.1%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 12
+100.0%
3 4942
-14.3%
4 2119
-9.5%
5+ 109
-10.0%

Number of Homes Sold

Apr 2023May 2023%
2318-21.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Furr Township, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

How long does it take to sell a home in Furr Township, NC?

How long does it take to sell a home in Furr Township, NC?

Average Sale Time

May 2022May 2023%
9 Days54 Days+501.2%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Furr 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.

What housing markets are near Furr Township, NC?

About Furr Township, NC

Homes for sale in Furr Township, NC have reached 72. The number of listings in Furr Township, NC decreased by 11.1% between April 2023 and May 2023. The median list price of listings available in May 2023 was $365,000, while the average time on the real estate market was 54 days. This housing market listing prices have changed between April 2023 and May 2023: prices of 1 bedroom properties increased by 68.8%, the cost of 2 bedrooms properties went up by 15.6%, prices of 3 bedrooms properties went up by 12.2%, the cost of 4 bedrooms properties went up by 8.5%, the cost of 5 bedrooms properties went down by 3.4%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went up by 100%, 3 bedrooms homes inventory decreased by 14.3%, number of 4 bedrooms homes decreased by 9.5%, 5 bedrooms homes became 10% less available. In May 2023, from all listings sold in Furr Township, NC there were more than 3 sold above asking price, over 14 sold below and more than 1 were sold right at the asked price.