$2,850,000
8,440 SqFt
5 Beds
•5 Full Baths, 3 Partial
Steve Gillooly, Dylan Rowe, Listing Office: Gillooly & Associates Realty
Is New Light Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, New Light Township was a Neutral 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
$925,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$33,740(+3.8%)
Key Takeaway
Homes in New Light Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in New Light Township was $925,000 in September 2024, up 3.8% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | - | N/A |
| 2 Bedrooms | $300K | $270K | -10.0% |
| 3 Bedrooms | $629K | $647.2K | +2.9% |
| 4 Bedrooms | $965K | $905K | -6.2% |
| 5+ Bedrooms | $955K | $1.1M | +20.4% |
Summary: New Light Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Cities
| Bartons Creek Township | $870.8K | $1.0M | +14.8% |
| Carr Township | $475K | $525.6K | +10.7% |
| New Light Township | $891.2K | $925K | +3.8% |
| Wake Forest Township | $496.6K | $510.2K | +2.7% |
| Dutchville Township | $310K | $315K | +1.6% |
Housing Supply in New Light Township, NC
How many homes are available in New Light Township, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 80 | 82 | +2.5% |
Summary: The New Light Township real estate market had 82 homes for sale in September 2024, a 2.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 54 | 55 | +1.9% |
| 5+ Bedrooms | 17 | 14 | -17.6% |
Summary: The New Light Township housing inventory by bedroom type for September 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 44.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 15 | +114.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Light Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in New Light Township in September 2024, up by 114.3% month-over-month. Of the 15 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 214 Days | 57 Days | -73.3% |
Summary: Homes in New Light Township had an average of 57 days on market in Sep 2024, down by 73.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Light Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 15 homes were sold in New Light Township; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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