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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pigeon Township is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Pigeon Township, NC

How much do homes in Pigeon Township, NC cost?

Median Sold Price

$325,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$18,000(-5.2%)

Key Takeaway

Homes in Pigeon Township have sold for 5.2% less than they did a year ago.

Summary: The median home sold price in Pigeon Township was $325,000 in September 2024, down 5.2% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $162.5K$365K
+124.6%
2 $247K$227K
-8.1%
3 $376.5K$343.5K
-8.8%
4 -$434.9K
N/A
5+ --
N/A

Summary: Pigeon Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 124.6%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Clyde Township
+11.2%
Beaverdam Township
+8.3%
Waynesville Township
+6.4%
Pigeon Township
-5.2%

Housing Supply in Pigeon Township, NC

How many homes are available in Pigeon Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2728+3.7%

Summary: The Pigeon Township real estate market had 28 homes for sale in September 2024, a 3.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 75
-28.6%
3 1519
+26.7%
4 32
-33.3%
5+ 00
0.0%

Summary: The Pigeon Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pigeon Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Pigeon Township in September 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pigeon Township, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
11 Days12 Days+1.2%

Summary: Homes in Pigeon Township had an average of 12 days on market in Sep 2024, up by 1.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Pigeon Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Pigeon 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 Sep 1, 2024

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