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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Litaker Township is a neutral's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Litaker 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 Litaker Township, NC

How much do homes in Litaker Township, NC cost?

Median Sold Price

$299,900

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$15,100(-4.8%)

Key Takeaway

Homes in Litaker Township have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in Litaker Township was $299,900 in February 2024, down 4.8% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $696K-
N/A
2 $303K$258.5K
-14.7%
3 $307.3K$298.7K
-2.8%
4 $380K$299.4K
-21.2%
5+ $463K$782.6K
+69.0%

Summary: Litaker 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 decreased by 14.7%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes increased by 69%.

Median Sold Price Compared To Nearby Cities

China Grove Township
-1.8%
Gold Hill Township
-1.8%
Litaker Township
-4.8%

Housing Supply in Litaker Township, NC

How many homes are available in Litaker Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
46460.0%

Summary: The Litaker Township real estate market had 46 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 55
0.0%
3 2930
+3.4%
4 87
-12.5%
5+ 33
0.0%

Summary: The Litaker 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 3.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Litaker Township, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Litaker Township in February 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for Litaker Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days51 Days+9.4%

Summary: Homes in Litaker Township had an average of 51 days on market in Feb 2024, up by 9.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Litaker Township has remained consistent over time.

Summary: During February 2024, 7 homes were sold in Litaker Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 Litaker Township, NC

Nearby Markets to Litaker Township, NC

What housing markets are near Litaker Township, NC?