Is Mangum Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Mangum Township has remained a Seller's Market.
Housing Prices in Mangum Township, NC
How much do homes in Mangum Township, NC cost?
Median Sold Price
$522,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Mangum Township was $522,500 in June 2024, up 6.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $337.5K | $431K | +27.7% |
3 Bedrooms | $459K | $490K | +6.8% |
4 Bedrooms | $523K | $567.4K | +8.5% |
5+ Bedrooms | $575K | $700K | +21.7% |
Summary: Mangum Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
Lebanon Township | $395K | $424.9K | +7.6% |
Bahama | $477K | $512.5K | +7.4% |
Mangum Township | $489K | $522.5K | +6.9% |
Rougemont | $370K | $356.7K | -3.6% |
Housing Supply in Mangum Township, NC
How many homes are available in Mangum Township, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
27 | 24 | -11.1% |
Summary: The Mangum Township real estate market had 24 homes for sale in June 2024, a 11.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 14 | 10 | -28.6% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mangum Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mangum Township in June 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Mangum Township, NC
How long does it take to sell a home in Mangum Township, NC?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
65 Days | 16 Days | -74.1% |
Summary: Homes in Mangum Township had an average of 16 days on market in Jun 2024, down by 74.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 6 homes were sold in Mangum Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.