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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marks Creek Township is a 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

$165,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$25,000(+17.9%)

Key Takeaway

Homes in Marks Creek Township have sold for 17.9% more than they did a year ago.

Summary: The median home sold price in Marks Creek Township was $165,000 in March 2024, up 17.9% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$150K
N/A
2 $106K$90K
-15.1%
3 $152.5K$170K
+11.5%
4 $187.5K$194.5K
+3.7%
5+ $76.5K$172.4K
+125.4%

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 decreased by 15.1%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 125.4%.

Median Sold Price Compared To Nearby Cities

Hamlet
+21.6%
Marks Creek Township
+17.9%
Rockingham
+10.8%

Housing Supply in Marks Creek Township, NC

How many homes are available in Marks Creek Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2934+17.2%

Summary: The Marks Creek Township real estate market had 34 homes for sale in March 2024, a 17.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 67
+16.7%
3 1819
+5.6%
4 44
0.0%
5+ 02
+100.0%

Summary: The Marks Creek 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 increased by 16.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marks Creek Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Marks Creek Township in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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 2023Mar 2024CHANGE
34 Days36 Days+4.5%

Summary: Homes in Marks Creek Township had an average of 36 days on market in Mar 2024, up by 4.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marks Creek Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 7 homes were sold in Marks Creek Township; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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 30 Days Ago

Newest Listings in Marks Creek Township, NC

Nearby Markets to Marks Creek Township, NC

What housing markets are near Marks Creek Township, NC?