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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gilkey Township is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Gilkey Township was a Seller's Market.

Key Takeaway

Gilkey Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Gilkey Township, NC

How much do homes in Gilkey Township, NC cost?

Median Sold Price

$345,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$51,050(+17.4%)

Key Takeaway

Homes in Gilkey Township have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in Gilkey Township was $345,000 in February 2024, up 17.4% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$352K
N/A
2 $138K$260K
+88.4%
3 $313.6K$313K
-0.2%
4 $360K$424.9K
+18.0%
5+ -$500K
N/A

Summary: Gilkey Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 88.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 18%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Gilkey Township
+17.4%
Rutherfordton Township
+9.3%
Green Hill Township
-19.4%

Housing Supply in Gilkey Township, NC

How many homes are available in Gilkey Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
46+50.0%

Summary: The Gilkey Township real estate market had 6 homes for sale in February 2024, a 50.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 13
+200.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Gilkey Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gilkey Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Gilkey Township in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Gilkey Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
4 Days2 Days-55.6%

Summary: Homes in Gilkey Township had an average of 2 days on market in Feb 2024, down by 55.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in Gilkey Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Gilkey Township, NC

Nearby Markets to Gilkey Township, NC

What housing markets are near Gilkey Township, NC?