Is Pearces Mill 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, Pearces Mill Township has remained a Seller's Market.
Key Takeaway
Pearces Mill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pearces Mill Township, NC
How much do homes in Pearces Mill Township, NC cost?
Median Sold Price
$205,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pearces Mill Township have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Pearces Mill Township was $205,000 in March 2024, up 12.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $111K | $130K | +17.1% |
| 3 Bedrooms | $179.4K | $198K | +10.3% |
| 4 Bedrooms | $232.3K | $249K | +7.2% |
| 5+ Bedrooms | $233.5K | $247K | +5.8% |
Summary: Pearces Mill 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 17.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Pearces Mill Township | $181.5K | $205K | +12.9% |
| Rockfish Township | $229.9K | $251.8K | +9.5% |
| Hope Mills | $243.3K | $266K | +9.3% |
| Fayetteville | $206.2K | $224.9K | +9.1% |
| Cross Creek Township | $207K | $220K | +6.3% |
Housing Supply in Pearces Mill Township, NC
How many homes are available in Pearces Mill Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 72 | -8.9% |
Summary: The Pearces Mill Township real estate market had 72 homes for sale in March 2024, a 8.9% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 49 | 43 | -12.2% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Pearces Mill 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 decreased by 12.2%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pearces Mill Township, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Pearces Mill Township in March 2024, down by 9.5% month-over-month. Of the 19 sold homes, 21% were sold under asking, 32% were sold at asking, and 47% were sold over asking.
Days on Market for Pearces Mill Township, NC
How long does it take to sell a home in Pearces Mill Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 68 Days | -18.7% |
Summary: Homes in Pearces Mill Township had an average of 68 days on market in Mar 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pearces Mill Township has remained consistent over time.
Summary: During March 2024, 19 homes were sold in Pearces Mill Township; 16% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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