Is Mount Gilead Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mount Gilead Township was a Seller's Market.
Key Takeaway
Mount Gilead Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mount Gilead Township, NC
How much do homes in Mount Gilead Township, NC cost?
Median Sold Price
$250,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mount Gilead Township have sold for 39.3% more than they did a year ago.
Summary: The median home sold price in Mount Gilead Township was $250,000 in March 2024, up 39.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $92.5K | +2.8% |
| 2 Bedrooms | $135K | $132.5K | -1.8% |
| 3 Bedrooms | $284K | $351.1K | +23.6% |
| 4 Bedrooms | $305K | $465K | +52.5% |
| 5+ Bedrooms | $125K | $395K | +216.0% |
Summary: Mount Gilead Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 52.5%, and 5+ bedroom homes increased by 216%.
Median Sold Price Compared To Nearby Cities
| Mount Gilead Township | $179.5K | $250K | +39.3% |
| Mount Gilead | $184.9K | $250K | +35.1% |
| Troy Township | $175K | $210K | +20.0% |
| Pee Dee Township | $236.2K | $140K | -40.7% |
Housing Supply in Mount Gilead Township, NC
How many homes are available in Mount Gilead Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 67 | +26.4% |
Summary: The Mount Gilead Township real estate market had 67 homes for sale in March 2024, a 26.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 23 | 30 | +30.4% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Mount Gilead Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Gilead Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mount Gilead Township in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Mount Gilead Township, NC
How long does it take to sell a home in Mount Gilead Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 92 Days | 73 Days | -20.6% |
Summary: Homes in Mount Gilead Township had an average of 73 days on market in Mar 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Gilead Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Mount Gilead Township; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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