Is Marks Creek 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, Marks Creek Township has remained a Seller's Market.
Key Takeaway
Marks Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marks Creek Township, NC
How much do homes in Marks Creek Township, NC cost?
Median Sold Price
$400,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marks Creek Township have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Marks Creek Township was $400,000 in March 2024, down 0.7% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160.3K | N/A |
| 2 Bedrooms | $350K | $378.1K | +8.1% |
| 3 Bedrooms | $387.1K | $375K | -3.1% |
| 4 Bedrooms | $465K | $460.9K | -0.9% |
| 5+ Bedrooms | $435K | $494.8K | +13.8% |
Summary: Marks Creek 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 increased by 8.1%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
| Wendell | $416K | $414.6K | -0.3% |
| Marks Creek Township | $402.7K | $400K | -0.7% |
| Knightdale | $383K | $379.3K | -1.0% |
| Wilders Township | $404.4K | $399.9K | -1.1% |
| Little River Township | $360K | $349.9K | -2.8% |
Housing Supply in Marks Creek Township, NC
How many homes are available in Marks Creek Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 133 | 137 | +3.0% |
Summary: The Marks Creek Township real estate market had 137 homes for sale in March 2024, a 3.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 77 | 78 | +1.3% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Marks Creek Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marks Creek Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Marks Creek Township in March 2024, up by 20.0% month-over-month. Of the 30 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Marks Creek Township, NC
How long does it take to sell a home in Marks Creek Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 97 Days | 67 Days | -30.2% |
Summary: Homes in Marks Creek Township had an average of 67 days on market in Mar 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marks Creek Township has remained consistent over time.
Summary: During March 2024, 30 homes were sold in Marks Creek Township; 10% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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