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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montford Cove Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Montford Cove Township has remained a Seller's Market.

Key Takeaway

Montford Cove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Montford Cove Township, NC

How much do homes in Montford Cove Township, NC cost?

Median Sold Price

$247,300

$183/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$22,700(-8.4%)

Key Takeaway

Homes in Montford Cove Township have sold for 8.4% less than they did a month ago.

Summary: The median home sold price in Montford Cove Township was $247,300 in February 2024, down 8.4% from last month, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$317K
N/A
3 $200K-
N/A
4 $397K-
N/A
5+ -$177.6K
N/A

Summary: Montford Cove Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Glenwood Township
+145.3%
Montford Cove Township
-8.4%

Housing Supply in Montford Cove Township, NC

How many homes are available in Montford Cove Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
87-12.5%

Summary: The Montford Cove Township real estate market had 7 homes for sale in February 2024, a 12.5% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 43
-25.0%
4 10
-100.0%
5+ 11
0.0%

Summary: The Montford Cove 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 increased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montford Cove Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Montford Cove Township in February 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Montford Cove Township, NC

How long does it take to sell a home in Montford Cove Township, NC?

Average Sale Time

Jan 2024Feb 2024CHANGE
64 Days52 Days-18.4%

Summary: Homes in Montford Cove Township had an average of 52 days on market in Feb 2024, down by 18.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Montford Cove Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Montford Cove Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 28 Days Ago

Newest Listings in Montford Cove Township, NC

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What housing markets are near Montford Cove Township, NC?