Is Hogback Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Hogback Township was a Seller's Market.
Key Takeaway
Hogback Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices
How much do homes in Hogback Township, NC cost?
Median Sold Price
$525,777
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Hogback Township have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Hogback Township was $525,777 in August 2023, down 3.4% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $276.5K | +49.5% |
| 2 Bedrooms | $265K | $277.5K | +4.7% |
| 3 Bedrooms | $805K | $850K | +5.6% |
| 4 Bedrooms | $1.4M | $1.5M | +6.3% |
| 5+ Bedrooms | $2.2M | $2.0M | -11.9% |
Summary: Hogback Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 49.5%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Lake Toxaway | $450K | $500K | +11.1% |
| Hogback Township | $544.2K | $525.7K | -3.4% |
| Sapphire | $805K | $565K | -29.8% |
Housing Supply
How many homes are available in Hogback Township, NC?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 43 | 49 | +14.0% |
Summary: The Hogback Township real estate market had 49 homes for sale in August 2023, a 14.0% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hogback Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hogback Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hogback Township in August 2023, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market
How long does it take to sell a home in Hogback Township, NC?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 39 Days | 61 Days | +58.0% |
Summary: Homes in Hogback Township had an average of 61 days on market in Aug 2023, up by 58% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hogback Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 5 homes were sold in Hogback Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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