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 November 2020

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.

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

Median Sold Price

$660,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$125,500(+23.5%)

Key Takeaway

Homes in New Light Township have sold for 23.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 --
N/A
2 $172K$270K
+57.0%
3 $412K$470K
+14.1%
4 $547K$716.5K
+31.0%
5+ $722.5K$840K
+16.3%

Median Sold Price Compared To Nearby Cities

Bartons Creek Township
+24.1%
New Light Township
+23.5%
Wake Forest
+16.9%
Wake Forest Township
+16.2%
Carr Township
+7.5%

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

Number of Homes For Sale

Oct 2021Nov 2021%
6947-31.9%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 23
+50.0%
3 114
-63.6%
4 4028
-30.0%
5+ 1612
-25.0%

Number of Homes Sold

Oct 2021Nov 2021%
2228+27.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Light Township, you could pay more than the asking price. 48% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
19 Days15 Days-21.6%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

4 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 Light Township are selling fast, if you're buying plan to act quickly.

1408 Wildhurst Ln, Wake Forest, NC 27587

1408 Wildhurst Ln, Wake Forest, NC 27587

$1,099,000~$3,900/mo.*
7 Beds • 6 Baths7,369 SqFt
#2420155Listing Office:
Costello Real Estate & Investments Triangle, LLCMLS logo
13200 Bold Run Hill Rd, Wake Forest, NC 27587

13200 Bold Run Hill Rd, Wake Forest, NC 27587

$820,000~$2,900/mo.*
4 Beds • 4 Baths3,757 SqFt
#2418850Listing Office:
inVest Property SolutionsMLS logo
216 Stillwood Dr, Wake Forest, NC 27587

216 Stillwood Dr, Wake Forest, NC 27587

$875,000~$3,100/mo.*
4 Beds • 3 Baths3,594 SqFt
#2417614Listing Office:
Hunter Rowe Real EstateMLS logo
8000 Sandybrook Ln, Wake Forest, NC 27587

8000 Sandybrook Ln, Wake Forest, NC 27587

$650,000~$2,300/mo.*
4 Beds • 3 Baths3,376 SqFt
#2417012Listing Office:
Branco RealtyMLS logo
0 Bold Run Hill Rd, Wake Forest, NC 27587

0 Bold Run Hill Rd, Wake Forest, NC 27587

$3,500,000~$12,400/mo.*
48.61 Acres
#2413945Listing Office:
Realty One Group - Greener SideMLS logo
7320 Incline Dr, Wake Forest, NC 27587

7320 Incline Dr, Wake Forest, NC 27587

$1,400,000~$4,950/mo.*
4 Beds • 5 Baths6,483 SqFt
#2413831Listing Office:
Keller Williams Realty CaryMLS logo
7513 Everton Way, Wake Forest, NC 27587

7513 Everton Way, Wake Forest, NC 27587

$1,550,000~$5,500/mo.*
5 Beds • 5 Baths5,476 SqFt
#2407822Listing Office:
Raleigh Custom Realty, LLCMLS logo
7332 New Forest Ln, Wake Forest, NC 27587

7332 New Forest Ln, Wake Forest, NC 27587

$1,550,000~$5,500/mo.*
5 Beds • 8 Baths6,110 SqFt
#2407570Listing Office:
Fonville Morisey/Triangle Five County Specialists IIMLS logo
1032 Harrison Ridge Rd, Wake Forest, NC 27587

1032 Harrison Ridge Rd, Wake Forest, NC 27587

$992,500~$3,500/mo.*
4 Beds • 5 Baths3,630 SqFt
#2403784Listing Office:
Howard Perry & Walston RealtorMLS logo
2044 Pleasant Forest Way, Wake Forest, NC 27587

2044 Pleasant Forest Way, Wake Forest, NC 27587

$950,000~$3,350/mo.*
4 Beds • 4 Baths3,650 SqFt
#2402014Listing Office:
Howard Perry & Walston RealtorMLS logo
14929 New Light Rd, Wake Forest, NC 27587

14929 New Light Rd, Wake Forest, NC 27587

$1,499,900~$5,300/mo.*
36.26 Acres
#2330006Listing Office:
Carolina Partners RealtyMLS logo
1009 Hidden Trail Ct, Wake Forest, NC 27587

1009 Hidden Trail Ct, Wake Forest, NC 27587

$775,000~$2,750/mo.*
4 Beds • 4 Baths4,421 SqFt
#2375180Listing Office:
Keller Williams Preferred RealtyMLS logo

About New Light Township, NC

There are 47 homes are for sale in New Light Township, NC real estate market. The number of listings in New Light Township, NC decreased by 31.9% between October 2021 and November 2021. The median list price of listings available in November 2021 was $660,000, while the average time on the real estate market was 15 days. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 57% more expensive, the cost of 3 bedrooms properties went up by 14.1%, prices of 4 bedrooms properties increased by 31%, the cost of 5 bedrooms properties went up by 16.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes became 50% more available, the quantity of 3 bedrooms homes went down by 63.6%, volume of 4 bedrooms homes went down by 30%, 5 bedrooms homes became 25% less available. While more than 12 listings in New Light Township, NC in November 2021 were sold above asking price, there were more than 7 listings sold at asking price, and more than 6 were sold below.

MLS Disclaimers and Copyright

Based on information from Triangle MLS for the period 12/01/2019 - 12/01/2021

IDX Copyright © 2021 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Last updated on: 12/2/2021, 1:25:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Related Neighborhood Trend Reports