Is Old Fort Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Fort Township is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Old Fort Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Old Fort Township, NC

How much do homes in Old Fort Township, NC cost?

Median Sold Price

$305,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$24,500(+8.7%)

Key Takeaway

Homes in Old Fort Township have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Old Fort Township was $305,000 in September 2024, up 8.7% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $290K$207.5K
-28.4%
2 $252.5K$292.5K
+15.8%
3 $281K$315K
+12.1%
4 $199.5K$550K
+175.7%
5+ $486.2K$405K
-16.7%

Summary: Old Fort Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 175.7%, and 5+ bedroom homes decreased by 16.7%.

Median Sold Price Compared To Nearby Cities

Crooked Creek Township
+23.5%
Old Fort Township
+8.7%
Black Mountain Township
+8.6%

Housing Supply in Old Fort Township, NC

How many homes are available in Old Fort Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3841+7.9%

Summary: The Old Fort Township real estate market had 41 homes for sale in September 2024, a 7.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 42
-50.0%
2 119
-18.2%
3 1721
+23.5%
4 47
+75.0%
5+ 22
0.0%

Summary: The Old Fort Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Fort Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Old Fort Township in September 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Old Fort Township, NC

How long does it take to sell a home in Old Fort Township, NC?

Average Sale Time

Sep 2023Sep 2024CHANGE
5 Days8 Days+47.1%

Summary: Homes in Old Fort Township had an average of 8 days on market in Sep 2024, up by 47.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Old Fort Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Old Fort Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in Old Fort Township, NC

Nearby Markets to Old Fort Township, NC

What housing markets are near Old Fort Township, NC?