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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Howards Creek Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Howards Creek Township, NC

How much do homes in Howards Creek Township, NC cost?

Median Sold Price

$271,250

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$35,744(-11.6%)

Key Takeaway

Homes in Howards Creek Township have sold for 11.6% less than they did a year ago.

Summary: The median home sold price in Howards Creek Township was $271,250 in February 2024, down 11.6% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$86.5K
N/A
2 $234K$255K
+9.0%
3 $310K$266K
-14.2%
4 $379.5K$415K
+9.4%
5+ $307.5K$437.5K
+42.3%

Summary: Howards Creek 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 9%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 42.3%.

Median Sold Price Compared To Nearby Cities

North Brook Township
+30.2%
Vale
+15.2%
Lincolnton
+11.5%
Lincolnton Township
+11.1%
Howards Creek Township
-11.6%

Housing Supply in Howards Creek Township, NC

How many homes are available in Howards Creek Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3537+5.7%

Summary: The Howards Creek Township real estate market had 37 homes for sale in February 2024, a 5.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2931
+6.9%
4 22
0.0%
5+ 11
0.0%

Summary: The Howards Creek 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 remained the same, 3 bedroom homes increased by 6.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
38+166.7%

Asking Price vs. Sold Price

4 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 Howards Creek Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Howards Creek Township in February 2024, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Howards Creek Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
32 Days52 Days+59.4%

Summary: Homes in Howards Creek Township had an average of 52 days on market in Feb 2024, up by 59.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 8 homes were sold in Howards Creek Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 4 Days Ago

Newest Listings in Howards Creek Township, NC

Nearby Markets to Howards Creek Township, NC

What housing markets are near Howards Creek Township, NC?