Is Lower Hominy Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lower Hominy Township was a Seller's Market.
Key Takeaway
Lower Hominy Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Hominy Township, NC
How much do homes in Lower Hominy Township, NC cost?
Median Sold Price
$459,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lower Hominy Township have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Lower Hominy Township was $459,000 in March 2024, up 11.7% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194K | $199K | +2.6% |
| 2 Bedrooms | $265.9K | $285K | +7.2% |
| 3 Bedrooms | $409.9K | $459.9K | +12.2% |
| 4 Bedrooms | $699.9K | $488.1K | -30.2% |
| 5+ Bedrooms | $993K | $849.5K | -14.5% |
Summary: Lower Hominy Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 30.2%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Lower Hominy Township | $410.9K | $459K | +11.7% |
| Candler | $397.2K | $434.7K | +9.4% |
| Upper Hominy Township | $380K | $403.5K | +6.2% |
| Avery Creek Township | $570K | $595K | +4.4% |
| Asheville | $469.7K | $487.9K | +3.9% |
Housing Supply in Lower Hominy Township, NC
How many homes are available in Lower Hominy Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 69 | +13.1% |
Summary: The Lower Hominy Township real estate market had 69 homes for sale in March 2024, a 13.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Lower Hominy Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Hominy Township, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Lower Hominy Township in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 71% were sold at asking, and 0% were sold over asking.
Days on Market for Lower Hominy Township, NC
How long does it take to sell a home in Lower Hominy Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 23 Days | -32.3% |
Summary: Homes in Lower Hominy Township had an average of 23 days on market in Mar 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Hominy Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Lower Hominy Township; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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