Is Mount Hermon Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mount Hermon Township was a Seller's Market.
Key Takeaway
Mount Hermon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Hermon Township, NC
How much do homes in Mount Hermon Township, NC cost?
Median Sold Price
$298,500
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mount Hermon Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Mount Hermon Township was $298,500 in April 2024, up 8.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $188.7K | +109.7% |
| 3 Bedrooms | $264K | $282.2K | +6.9% |
| 4 Bedrooms | $322.5K | $343.1K | +6.4% |
| 5+ Bedrooms | $316.5K | $345K | +9.0% |
Summary: Mount Hermon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 109.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Nixonton Township | $292.5K | $346K | +18.3% |
| Elizabeth City | $265K | $295K | +11.3% |
| Elizabeth City Township | $268K | $295K | +10.1% |
| Mount Hermon Township | $275K | $298.5K | +8.5% |
Housing Supply in Mount Hermon Township, NC
How many homes are available in Mount Hermon Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 122 | 126 | +3.3% |
Summary: The Mount Hermon Township real estate market had 126 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 76 | 84 | +10.5% |
| 4 Bedrooms | 35 | 32 | -8.6% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Mount Hermon Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 10 | -52.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Hermon Township, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Mount Hermon Township in April 2024, down by 52.4% month-over-month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.
Days on Market for Mount Hermon Township, NC
How long does it take to sell a home in Mount Hermon Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 72 Days | +222.8% |
Summary: Homes in Mount Hermon Township had an average of 72 days on market in Apr 2024, up by 222.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Hermon Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Mount Hermon Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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