Is Neills Creek Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Neills Creek Township is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Neills Creek Township has remained a Buyer's Market.

Key Takeaway

Neills Creek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Neills Creek Township, NC

How much do homes in Neills Creek Township, NC cost?

Median Sold Price

$367,990

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$7,990(+2.2%)

Key Takeaway

Homes in Neills Creek Township have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Neills Creek Township was $367,990 in February 2024, up 2.2% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $155.7K$222.5K
+42.9%
3 $334.9K$359.9K
+7.5%
4 $420.4K$396K
-5.8%
5+ $469.9K$485K
+3.2%

Summary: Neills Creek Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Cities

Lillington Township
+3.6%
Lillington
+3.2%
Neills Creek Township
+2.2%
Grove Township
+0.9%
Black River Township
-4.2%

Housing Supply in Neills Creek Township, NC

How many homes are available in Neills Creek Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5157+11.8%

Summary: The Neills Creek Township real estate market had 57 homes for sale in February 2024, a 11.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 3239
+21.9%
4 1715
-11.8%
5+ 23
+50.0%

Summary: The Neills Creek 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 remained the same, 3 bedroom homes increased by 21.9%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Neills Creek Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Neills Creek Township in February 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Neills Creek Township, NC

How long does it take to sell a home in Neills Creek Township, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
91 Days111 Days+22.0%

Summary: Homes in Neills Creek Township had an average of 111 days on market in Feb 2024, up by 22% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Neills Creek Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 7 homes were sold in Neills Creek Township; 0% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 71% 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 27 Days Ago

Newest Listings in Neills Creek Township, NC

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What housing markets are near Neills Creek Township, NC?