Is Panther Branch Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Panther Branch Township is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Panther Branch Township has remained a Seller's Market.

Key Takeaway

Panther Branch Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Panther Branch Township, NC cost?

Median Sold Price

$427,500

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$31,702(+8.0%)

Key Takeaway

Homes in Panther Branch Township have sold for 8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $379K$260K
-31.4%
3 $352.5K$401.5K
+13.9%
4 $492.5K$569.5K
+15.6%
5+ $448K$610K
+36.2%

Median Sold Price Compared To Nearby Cities

Garner
+24.7%
Saint Marys Township
+22.3%
Middle Creek Township
+17.5%
Swift Creek Township
+8.3%
Panther Branch Township
+8.0%

How many homes are available in Panther Branch Township, NC?

Number of Homes For Sale

Nov 2022Dec 2022%
9589-6.3%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 11
0.0%
3 7062
-11.4%
4 1820
+11.1%
5+ 66
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
2120-4.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Panther Branch Township, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
8 Days31 Days+292.2%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Panther Branch Township, NC

Homes for sale in Panther Branch Township, NC have reached 89. The inventory of homes for sale in Panther Branch Township, NC between November 2022 and December 2022 decreased by 6.3%. In December 2022, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $427,500. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went down by 31.4%, 3 bedrooms properties became 13.9% more expensive, prices of 4 bedrooms properties increased by 15.6%, prices of 5 bedrooms properties increased by 36.2%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, 3 bedrooms homes inventory decreased by 11.4%, 4 bedrooms homes inventory increased by 11.1%, 5 bedrooms homes did not move. Over 4 listings were sold over their listed price in December 2022 in Panther Branch Township, NC. In the same period over 12 listings were sold below the listed price and 3 listings were sold for the listed price.

Related Housing Market Reports