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 March 2023
At the same time last year, New Light Township was a Neutral Market.
Housing Prices in New Light Township, NC
How much do homes in New Light Township, NC cost?
Median Sold Price
$949,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Light Township was $949,000 in March 2024, up 13.6% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | - | N/A |
2 Bedrooms | $369.9K | $293K | -20.8% |
3 Bedrooms | $552.5K | $627.5K | +13.6% |
4 Bedrooms | $875K | $965K | +10.3% |
5+ Bedrooms | $1.0M | $1.0M | 0.2% |
Summary: New Light Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
New Light Township | $835.6K | $949K | +13.6% |
Bartons Creek Township | $872.2K | $931.1K | +6.8% |
Carr Township | $480.8K | $511.5K | +6.4% |
Dutchville Township | $303.3K | $310K | +2.2% |
Wake Forest Township | $500.1K | $509.9K | +2.0% |
Housing Supply in New Light Township, NC
How many homes are available in New Light Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 71 | -7.8% |
Summary: The New Light Township real estate market had 71 homes for sale in March 2024, a 7.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 37 | 33 | -10.8% |
5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The New Light 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 decreased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in New Light Township in March 2024, down by 11.1% month-over-month. Of the 16 sold homes, 25% were sold under asking, 31% were sold at asking, and 44% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
139 Days | 198 Days | +42.9% |
Summary: Homes in New Light Township had an average of 198 days on market in Mar 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in New Light Township; 13% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.