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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mangum Township is a seller's market

Buyer's
Market

Difference Since May 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

$512,500

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,500(+1.5%)

Key Takeaway

Homes in Mangum Township have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Mangum Township was $512,500 in May 2024, up 1.5% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$210K
N/A
2 $337.5K$431K
+27.7%
3 $450K$475K
+5.6%
4 $569.5K$555.5K
-2.5%
5+ $642.5K$700K
+8.9%

Summary: Mangum Township housing prices by bedroom type for May 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 5.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 8.9%.

Median Sold Price Compared To Nearby Cities

Lebanon Township
+7.7%
Bahama
+4.3%
Mangum Township
+1.5%
Rougemont
-0.9%
Little River Township
-10.5%

Housing Supply in Mangum Township, NC

How many homes are available in Mangum Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2726-3.7%

Summary: The Mangum Township real estate market had 26 homes for sale in May 2024, a 3.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1813
-27.8%
4 710
+42.9%
5+ 11
0.0%

Summary: The Mangum Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mangum Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Mangum Township in May 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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

May 2023May 2024CHANGE
41 Days43 Days+5.7%

Summary: Homes in Mangum Township had an average of 43 days on market in May 2024, up by 5.7% compared to last year.

Breakdown of Home Sale Times

7 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 Mangum Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Mangum Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

Newest Listings in Mangum Township, NC

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What housing markets are near Mangum Township, NC?