Is Mangum Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mangum Township has remained a Seller's Market.
Key Takeaway
Mangum Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mangum Township, NC
How much do homes in Mangum Township, NC cost?
Median Sold Price
$520,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mangum Township have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Mangum Township was $520,000 in March 2024, up 5.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $385K | $265.5K | -31.0% |
| 3 Bedrooms | $449.9K | $464.5K | +3.2% |
| 4 Bedrooms | $573.5K | $575K | 0.3% |
| 5+ Bedrooms | $710K | $643.5K | -9.4% |
Summary: Mangum Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Bahama | $449.9K | $515K | +14.5% |
| Mangum Township | $492K | $520K | +5.7% |
| Lebanon Township | $400K | $415K | +3.8% |
| Rougemont | $364.9K | $368.5K | +1.0% |
| Little River Township | $431K | $427.5K | -0.8% |
Housing Supply in Mangum Township, NC
How many homes are available in Mangum Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Summary: The Mangum Township real estate market had 25 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mangum Township housing inventory by bedroom type for March 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 21.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mangum Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Mangum Township in March 2024, up by 200.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 105 Days | +68.0% |
Summary: Homes in Mangum Township had an average of 105 days on market in Mar 2024, up by 68% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mangum Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 9 homes were sold in Mangum Township; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
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