Is Furr 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, 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.
Housing Prices in Furr Township, NC
How much do homes in Furr Township, NC cost?
Median Sold Price
$379,200
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Furr Township have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Furr Township was $379,200 in March 2024, up 6.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $73K | -45.9% |
| 2 Bedrooms | $255.9K | $267.2K | +4.4% |
| 3 Bedrooms | $355K | $361.5K | +1.8% |
| 4 Bedrooms | $435K | $405.9K | -6.7% |
| 5+ Bedrooms | $447.5K | $406.2K | -9.2% |
Summary: Furr Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Furr Township | $356.8K | $379.2K | +6.3% |
| Locust | $377K | $396K | +5.1% |
| Oakboro | $341K | $331.7K | -2.7% |
Housing Supply in Furr Township, NC
How many homes are available in Furr Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 70 | -1.4% |
Summary: The Furr Township real estate market had 70 homes for sale in March 2024, a 1.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 35 | 38 | +8.6% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Furr 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 20%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Furr Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Furr Township in March 2024, down by 17.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Furr Township, NC
How long does it take to sell a home in Furr Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 82 Days | +61.4% |
Summary: Homes in Furr Township had an average of 82 days on market in Mar 2024, up by 61.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Furr Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Furr Township; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.