Is Meredith 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, Meredith Township has remained a Seller's Market.
Key Takeaway
Meredith Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meredith Township, NC
How much do homes in Meredith Township, NC cost?
Median Sold Price
$604,500
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Meredith Township have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Meredith Township was $604,500 in March 2024, up 6.5% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $234.5K | +14.4% |
| 2 Bedrooms | $350K | $293K | -16.3% |
| 3 Bedrooms | $525K | $610K | +16.2% |
| 4 Bedrooms | $658K | $760K | +15.5% |
| 5+ Bedrooms | $1.3M | $1.1M | -12.3% |
Summary: Meredith Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Meredith Township | $567.5K | $604.5K | +6.5% |
| House Creek Township | $418.2K | $434K | +3.8% |
| Cary Township | $564.2K | $583.5K | +3.4% |
| Raleigh Township | $415.5K | $425.1K | +2.3% |
| Raleigh | $415.5K | $425K | +2.3% |
Housing Supply in Meredith Township, NC
How many homes are available in Meredith Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 38 | -9.5% |
Summary: The Meredith Township real estate market had 38 homes for sale in March 2024, a 9.5% decrease 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Meredith 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 decreased by 12.5%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meredith Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Meredith Township in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for Meredith Township, NC
How long does it take to sell a home in Meredith Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 54 Days | -20.8% |
Summary: Homes in Meredith Township had an average of 54 days on market in Mar 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Meredith Township has remained consistent over time.
Summary: During March 2024, 12 homes were sold in Meredith Township; 17% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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