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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Logan Store Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Logan Store Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Logan Store Township, NC

How much do homes in Logan Store Township, NC cost?

Median Sold Price

$372,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$119,750(+47.5%)

Key Takeaway

Homes in Logan Store Township have sold for 47.5% more than they did a year ago.

Summary: The median home sold price in Logan Store Township was $372,000 in September 2024, up 47.5% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $260K$245K
-5.8%
2 $198K$322K
+62.6%
3 $275.6K$390K
+41.5%
4 $219K$245K
+11.9%
5+ $53.5K-
N/A

Summary: Logan Store Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 62.6%, 3 bedroom homes increased by 41.5%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Logan Store Township
+47.5%
Rutherfordton Township
+9.3%
Union Mills
+6.3%
Gilkey Township
-11.3%

Housing Supply in Logan Store Township, NC

How many homes are available in Logan Store Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1216+33.3%

Summary: The Logan Store Township real estate market had 16 homes for sale in September 2024, a 33.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 33
0.0%
3 711
+57.1%
4 00
0.0%
5+ 00
0.0%

Summary: The Logan Store Township housing inventory by bedroom type for September 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 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Logan Store Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Logan Store Township in September 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Logan Store Township, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
4 Days57 Days+1333.3%

Summary: Homes in Logan Store Township had an average of 57 days on market in Sep 2024, up by 1333.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 3 homes were sold in Logan Store Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 30 Days Ago

Newest Listings in Logan Store Township, NC

Nearby Markets to Logan Store Township, NC

What housing markets are near Logan Store Township, NC?