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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Neuse Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Neuse Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Neuse Township, NC

How much do homes in Neuse Township, NC cost?

Median Sold Price

$379,975

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$16,024(-4.0%)

Key Takeaway

Homes in Neuse Township have sold for 4% less than they did a year ago.

Summary: The median home sold price in Neuse Township was $379,975 in February 2024, down 4% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $174.5K$166.8K
-4.4%
2 $265K$262K
-1.1%
3 $365.5K$347.9K
-4.8%
4 $501K$516K
+3.0%
5+ $715K$764.5K
+6.9%

Summary: Neuse Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Cities

Bartons Creek Township
+2.8%
Raleigh
0.4%
Saint Matthews Township
-0.1%
Wake Forest Township
-1.0%
Neuse Township
-4.0%

Housing Supply in Neuse Township, NC

How many homes are available in Neuse Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
201214+6.5%

Summary: The Neuse Township real estate market had 214 homes for sale in February 2024, a 6.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 35
+66.7%
2 2729
+7.4%
3 9391
-2.2%
4 5360
+13.2%
5+ 2529
+16.0%

Summary: The Neuse Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3941+5.1%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Neuse Township, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Neuse Township in February 2024, up by 5.1% month-over-month. Of the 41 sold homes, 54% were sold under asking, 22% were sold at asking, and 24% were sold over asking.

Days on Market for Neuse Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
79 Days60 Days-24.0%

Summary: Homes in Neuse Township had an average of 60 days on market in Feb 2024, down by 24% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Neuse Township has remained consistent over time.

Summary: During February 2024, 41 homes were sold in Neuse Township; 10% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 20% 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 Neuse Township, NC

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What housing markets are near Neuse Township, NC?