Is Reems Creek Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Reems Creek Township has remained a Seller's Market.
Housing Prices in Reems Creek Township, NC
How much do homes in Reems Creek Township, NC cost?
Median Sold Price
$575,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Reems Creek Township was $575,000 in April 2024, up 23% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252.9K | - | N/A |
2 Bedrooms | $356.8K | $386.1K | +8.2% |
3 Bedrooms | $450K | $575K | +27.8% |
4 Bedrooms | $585K | $745K | +27.4% |
5+ Bedrooms | $731.5K | $894.5K | +22.3% |
Summary: Reems Creek Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
Reems Creek Township | $467.4K | $575K | +23.0% |
Weaverville | $458.9K | $536K | +16.8% |
Flat Creek Township | $432.5K | $478.7K | +10.7% |
French Broad Township | $414.9K | $448.3K | +8.1% |
Woodfin | $408.2K | $431.5K | +5.7% |
Housing Supply in Reems Creek Township, NC
How many homes are available in Reems Creek Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 85 | +13.3% |
Summary: The Reems Creek Township real estate market had 85 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 47 | 53 | +12.8% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Reems Creek 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 increased by 12.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Reems Creek Township in April 2024, up by 17.6% month-over-month. Of the 20 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Reems Creek Township, NC
How long does it take to sell a home in Reems Creek Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 34 Days | -17.1% |
Summary: Homes in Reems Creek Township had an average of 34 days on market in Apr 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Reems Creek Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.