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.

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.

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