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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Light Township is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in New Light Township, NC

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

Median Sold Price

$938,750

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$95,923(+11.4%)

Key Takeaway

Homes in New Light Township have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in New Light Township was $938,750 in June 2024, up 11.4% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $195K-
N/A
2 $369.9K$260K
-29.7%
3 $583.7K$602.5K
+3.2%
4 $899K$956.5K
+6.4%
5+ $1.0M$1.0M
-0.1%

Summary: New Light Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Cities

New Light Township
+11.4%
Carr Township
+8.2%
Bartons Creek Township
+7.3%
Wake Forest Township
+3.3%
Dutchville Township
+1.6%

Housing Supply in New Light Township, NC

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

Number of Homes For Sale

May 2024Jun 2024CHANGE
10189-11.9%

Summary: The New Light Township real estate market had 89 homes for sale in June 2024, a 11.9% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1415
+7.1%
4 6455
-14.1%
5+ 2218
-18.2%

Summary: The New Light Township housing inventory by bedroom type for June 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 7.1%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1823+27.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Light Township, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in New Light Township in June 2024, up by 27.8% month-over-month. Of the 23 sold homes, 61% were sold under asking, 26% were sold at asking, and 13% were sold over asking.

Days on Market for New Light Township, NC

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

Average Sale Time

Jun 2023Jun 2024CHANGE
152 Days44 Days-71.1%

Summary: Homes in New Light Township had an average of 44 days on market in Jun 2024, down by 71.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 23 homes were sold in New Light Township; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% 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 23 Days Ago

Newest Listings in New Light Township, NC

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What housing markets are near New Light Township, NC?