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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poplar Branch Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Poplar Branch Township has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Poplar Branch Township, NC

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

Median Sold Price

$436,450

$207/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$465,550(-51.6%)

Key Takeaway

Homes in Poplar Branch Township have sold for 51.6% less than they did a month ago.

Summary: The median home sold price in Poplar Branch Township was $436,450 in April 2024, down 51.6% from last month, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 -$422.9K
N/A
4 $755K$561.7K
-25.6%
5+ $1.0M-
N/A

Summary: Poplar Branch Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes did not change.

Housing Supply in Poplar Branch Township, NC

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

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3938-2.6%

Summary: The Poplar Branch Township real estate market had 38 homes for sale in April 2024, a 2.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1917
-10.5%
4 89
+12.5%
5+ 87
-12.5%

Summary: The Poplar Branch Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poplar Branch Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Poplar Branch Township in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Poplar Branch Township, NC

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

Average Sale Time

Mar 2024Apr 2024CHANGE
73 Days52 Days-28.1%

Summary: Homes in Poplar Branch Township had an average of 52 days on market in Apr 2024, down by 28.1% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 4 homes were sold in Poplar Branch Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

Newest Listings in Poplar Branch Township, NC

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