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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Holly Springs Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Holly Springs Township, NC

How much do homes in Holly Springs Township, NC cost?

Median Sold Price

$563,026

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$22,899(-3.9%)

Key Takeaway

Homes in Holly Springs Township have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in Holly Springs Township was $563,026 in February 2024, down 3.9% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $236.5K$417.5K
+76.5%
2 $330K$335K
+1.5%
3 $440K$443K
+0.7%
4 $615.6K$586.9K
-4.7%
5+ $738K$731.2K
-0.9%

Summary: Holly Springs Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.5%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Cities

Middle Creek Township
+0.9%
Apex
0.1%
Holly Springs
-3.0%
Holly Springs Township
-3.9%
Buckhorn Township
-5.9%

Housing Supply in Holly Springs Township, NC

How many homes are available in Holly Springs Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
218195-10.6%

Summary: The Holly Springs Township real estate market had 195 homes for sale in February 2024, a 10.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 7061
-12.9%
4 9579
-16.8%
5+ 5051
+2.0%

Summary: The Holly Springs Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes increased by 2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5668+21.4%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Holly Springs Township, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Holly Springs Township in February 2024, up by 21.4% month-over-month. Of the 68 sold homes, 63% were sold under asking, 18% were sold at asking, and 19% were sold over asking.

Days on Market for Holly Springs Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
128 Days99 Days-22.0%

Summary: Homes in Holly Springs Township had an average of 99 days on market in Feb 2024, down by 22% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

35 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Holly Springs Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 68 homes were sold in Holly Springs Township; 9% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 51% 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 28 Days Ago

Newest Listings in Holly Springs Township, NC

Nearby Markets to Holly Springs Township, NC

What housing markets are near Holly Springs Township, NC?