Is New Hill, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, New Hill has remained a Seller's Market.
Key Takeaway
New Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Hill, NC
How much do homes in New Hill, NC cost?
Median Sold Price
$634,294
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Hill have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in New Hill was $634,294 in March 2024, down 3.9% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $502.5K | $535K | +6.5% |
| 3 Bedrooms | $543.4K | $565K | +4.0% |
| 4 Bedrooms | $655K | $614.7K | -6.1% |
| 5+ Bedrooms | $1.1M | $795.5K | -29.5% |
Summary: New Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Buckhorn Township | $630K | $633.8K | +0.6% |
| New Hope Township | $1.0M | $1.0M | -1.8% |
| New Hill | $660K | $634.2K | -3.9% |
| Holly Springs Township | $587.3K | $559.1K | -4.8% |
Housing Supply in New Hill, NC
How many homes are available in New Hill, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Summary: The New Hill real estate market had 30 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 10 | 16 | +60.0% |
Summary: The New Hill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Hill, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in New Hill in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for New Hill, NC
How long does it take to sell a home in New Hill, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 96 Days | 46 Days | -51.2% |
Summary: Homes in New Hill had an average of 46 days on market in Mar 2024, down by 51.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Hill has remained consistent over time.
Summary: During March 2024, 6 homes were sold in New Hill; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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