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 buyer's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

New Light Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

Median Sold Price

$842,000

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$192,000(+29.5%)

Key Takeaway

Homes in New Light Township have sold for 29.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 -$272K
N/A
2 $525K$274K
-47.8%
3 $450K$628K
+39.6%
4 $647K$885K
+36.8%
5+ $907.5K$1.2M
+37.7%

Median Sold Price Compared To Nearby Cities

Dutchville Township
+38.2%
New Light Township
+29.5%
Carr Township
+21.6%
Wake Forest Township
+17.1%
Bartons Creek Township
+10.7%

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

Number of Homes For Sale

Dec 2022Jan 2023%
6454-15.6%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 01
+100.0%
2 21
-50.0%
3 117
-36.4%
4 4034
-15.0%
5+ 1111
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
154-73.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 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 Light Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
20 Days16 Days-19.0%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About New Light Township, NC

New Light Township, NC has 54 homes for sale to choose from. The inventory of homes for sale in New Light Township, NC between December 2022 and January 2023 decreased by 15.6%. While the average time on the market in January 2023 was 16 days, the median list price was $842,000. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 47.8% more cheaper, prices of 3 bedrooms properties increased by 39.6%, prices of 4 bedrooms properties went up by 36.8%, 5 bedrooms properties became 37.7% more expensive. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 100%, number of 2 bedrooms homes decreased by 50%, 3 bedrooms homes inventory decreased by 36.4%, the quantity of 4 bedrooms homes went down by 15%, 5 bedrooms homes inventory did not change. In January 2023, from all listings sold in New Light Township, NC there were more than 0 sold above asking price, over 2 sold below and more than 2 were sold right at the asked price.

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