Is Mayo Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Mayo Township was a Seller's Market.
Housing Prices in Mayo Township, NC
How much do homes in Mayo Township, NC cost?
Median Sold Price
$220,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mayo Township was $220,000 in February 2024, down 9.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $120K | +118.2% |
2 Bedrooms | $145K | $124.9K | -13.9% |
3 Bedrooms | $267.4K | $276.3K | +3.3% |
4 Bedrooms | $230K | $213K | -7.4% |
5+ Bedrooms | $85K | - | N/A |
Summary: Mayo Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 118.2%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Stoneville | $167.5K | $224.4K | +34.0% |
Madison Township | $176K | $221.2K | +25.7% |
Mayo Township | $243.7K | $220K | -9.7% |
Housing Supply in Mayo Township, NC
How many homes are available in Mayo Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 20 | -9.1% |
Summary: The Mayo Township real estate market had 20 homes for sale in February 2024, a 9.1% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 19 | 18 | -5.3% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mayo Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mayo Township in February 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mayo Township, NC
How long does it take to sell a home in Mayo Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
67 Days | 121 Days | +80.7% |
Summary: Homes in Mayo Township had an average of 121 days on market in Feb 2024, up by 80.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Mayo Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.