Is Panther Branch 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, 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.
Housing Prices in Panther Branch Township, NC
How much do homes in Panther Branch Township, NC cost?
Median Sold Price
$452,632
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Panther Branch Township have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Panther Branch Township was $452,632 in March 2024, up 2.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $326.4K | $242.5K | -25.7% |
| 3 Bedrooms | $415K | $415K | 0.0% |
| 4 Bedrooms | $521.5K | $560K | +7.4% |
| 5+ Bedrooms | $514.2K | $569.7K | +10.8% |
Summary: Panther Branch 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 decreased by 25.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Swift Creek Township | $524.7K | $555.5K | +5.9% |
| Panther Branch Township | $439.9K | $452.6K | +2.9% |
| Middle Creek Township | $475.5K | $480K | +0.9% |
| Garner | $401.4K | $396.5K | -1.2% |
| Saint Marys Township | $356.6K | $345K | -3.3% |
Housing Supply in Panther Branch Township, NC
How many homes are available in Panther Branch Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 105 | 100 | -4.8% |
Summary: The Panther Branch Township real estate market had 100 homes for sale in March 2024, a 4.8% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 63 | 61 | -3.2% |
| 4 Bedrooms | 36 | 33 | -8.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Panther Branch 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 decreased by 50%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Panther Branch Township, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Panther Branch Township in March 2024, up by 36.8% month-over-month. Of the 26 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.
Days on Market for Panther Branch Township, NC
How long does it take to sell a home in Panther Branch Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 92 Days | 86 Days | -6.2% |
Summary: Homes in Panther Branch Township had an average of 86 days on market in Mar 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Panther Branch Township has remained consistent over time.
Summary: During March 2024, 26 homes were sold in Panther Branch Township; 15% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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