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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Providence Township is a buyer's market

Buyer's
Market

Difference Since September 2023

Since last year, Providence Township has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Providence Township, NC

How much do homes in Providence Township, NC cost?

Median Sold Price

$297,500

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$30,500(-9.3%)

Key Takeaway

Homes in Providence Township have sold for 9.3% less than they did a year ago.

Summary: The median home sold price in Providence Township was $297,500 in September 2024, down 9.3% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$325K
N/A
2 $274.5K$130.2K
-52.6%
3 $329.5K$294.9K
-10.5%
4 $550K$477K
-13.3%
5+ -$1.2M
N/A

Summary: Providence Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.6%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Level Cross Township
+6.5%
Randleman Township
+4.1%
Liberty Township
+2.7%
Providence Township
-9.3%

Housing Supply in Providence Township, NC

How many homes are available in Providence Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
813+62.5%

Summary: The Providence Township real estate market had 13 homes for sale in September 2024, a 62.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 711
+57.1%
4 12
+100.0%
5+ 00
0.0%

Summary: The Providence 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 remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
21-50.0%

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 Providence 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 Providence Township in September 2024, down by 50.0% 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 Providence Township, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
34 Days20 Days-42.0%

Summary: Homes in Providence Township had an average of 20 days on market in Sep 2024, down by 42% 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 Providence Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Providence 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 30 Days Ago

Newest Listings in Providence Township, NC

Nearby Markets to Providence Township, NC

What housing markets are near Providence Township, NC?