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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Hope Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, New Hope Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in New Hope Township, NC

How much do homes in New Hope Township, NC cost?

Median Sold Price

$530,000

$250/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$300,000(+130.4%)

Key Takeaway

Homes in New Hope Township have sold for 130.4% more than they did a month ago.

Summary: The median home sold price in New Hope Township was $530,000 in March 2024, up 130.4% from last month, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $230K$530K
+130.4%
4 --
N/A
5+ --
N/A

Summary: New Hope Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 130.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in New Hope Township, NC

How many homes are available in New Hope Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
880.0%

Summary: The New Hope Township real estate market had 8 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 54
-20.0%
4 11
0.0%
5+ 11
0.0%

Summary: The New Hope Township 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 increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Hope Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in New Hope Township in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for New Hope Township, NC

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

Average Sale Time

Feb 2024Mar 2024CHANGE
77 Days28 Days-63.6%

Summary: Homes in New Hope Township had an average of 28 days on market in Mar 2024, down by 63.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Hope Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in New Hope Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

Newest Listings in New Hope Township, NC

Nearby Markets to New Hope Township, NC

What housing markets are near New Hope Township, NC?