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 March 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

$362,450

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$47,450(+15.1%)

Key Takeaway

Homes in Pigeon Township have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Pigeon Township was $362,450 in March 2024, up 15.1% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $112K$162.5K
+45.1%
2 $240K$257K
+7.1%
3 $337K$376.5K
+11.7%
4 $432.5K$1.6M
+274.6%
5+ --
N/A

Summary: Pigeon Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 274.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Clyde Township
+18.3%
Pigeon Township
+15.1%
Waynesville Township
+11.1%
Beaverdam Township
+10.7%

Housing Supply in Pigeon Township, NC

How many homes are available in Pigeon Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2326+13.0%

Summary: The Pigeon Township real estate market had 26 homes for sale in March 2024, a 13.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 55
0.0%
3 1415
+7.1%
4 23
+50.0%
5+ 22
0.0%

Summary: The Pigeon Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 2 homes were sold or pending in Pigeon Township in March 2024, up by 100.0% month-over-month. Of the 2 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

Mar 2023Mar 2024CHANGE
75 Days68 Days-10.2%

Summary: Homes in Pigeon Township had an average of 68 days on market in Mar 2024, down by 10.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pigeon Township has remained consistent over time.

Summary: During March 2024, 2 homes were sold in Pigeon Township; 0% of homes were sold within 30 days, 100% 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 18 Days Ago

Newest Listings in Pigeon Township, NC

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What housing markets are near Pigeon Township, NC?