Is Northwest Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northwest Township has remained a Seller's Market.
Housing Prices in Northwest Township, NC
How much do homes in Northwest Township, NC cost?
Median Sold Price
$355,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwest Township was $355,000 in April 2024, up 1.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $236.5K | $249.8K | +5.6% |
3 Bedrooms | $320K | $330K | +3.1% |
4 Bedrooms | $377.4K | $499.9K | +32.4% |
5+ Bedrooms | $443.8K | $440K | -0.9% |
Summary: Northwest Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
Leland | $372K | $396.3K | +6.5% |
Northwest Township | $349.9K | $355K | +1.4% |
Housing Supply in Northwest Township, NC
How many homes are available in Northwest Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 103 | +6.2% |
Summary: The Northwest Township real estate market had 103 homes for sale in April 2024, a 6.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 56 | 56 | 0.0% |
4 Bedrooms | 35 | 39 | +11.4% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Northwest Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Northwest Township in April 2024, up by 15.8% month-over-month. Of the 22 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.
Days on Market for Northwest Township, NC
How long does it take to sell a home in Northwest Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 89 Days | +166.0% |
Summary: Homes in Northwest Township had an average of 89 days on market in Apr 2024, up by 166% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Northwest Township; 55% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.