Is New Salem Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, New Salem Township has remained a Seller's Market.
Key Takeaway
New Salem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Salem Township, NC
How much do homes in New Salem Township, NC cost?
Median Sold Price
$447,500
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Salem Township have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in New Salem Township was $447,500 in March 2024, up 11.9% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $292K | +6.2% |
| 3 Bedrooms | $391.2K | $397K | +1.5% |
| 4 Bedrooms | $467.5K | $647.5K | +38.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Salem 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 increased by 6.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Marshville Township | $288.5K | $330K | +14.4% |
| New Salem Township | $400K | $447.5K | +11.9% |
| Burnsville Township | $325K | $352.5K | +8.5% |
| Furr Township | $356.8K | $379.2K | +6.3% |
| Big Lick Township | $312.5K | $332K | +6.2% |
Housing Supply in New Salem Township, NC
How many homes are available in New Salem Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Summary: The New Salem Township real estate market had 8 homes for sale in March 2024, a 60.0% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Salem 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Salem Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in New Salem Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for New Salem Township, NC
How long does it take to sell a home in New Salem Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 59 Days | +555.6% |
Summary: Homes in New Salem Township had an average of 59 days on market in Mar 2024, up by 555.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Salem Township has remained consistent over time.
Summary: During March 2024, 2 homes were sold in New Salem Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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