Is Salisbury Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Salisbury Township was a Seller's Market.
Key Takeaway
Salisbury Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Salisbury Township, NC
How much do homes in Salisbury Township, NC cost?
Median Sold Price
$267,833
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Salisbury Township have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Salisbury Township was $267,833 in March 2024, up 15.9% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $200K | +2.6% |
| 2 Bedrooms | $160.4K | $193.5K | +20.6% |
| 3 Bedrooms | $235K | $261K | +11.1% |
| 4 Bedrooms | $307.9K | $335K | +8.8% |
| 5+ Bedrooms | $405K | $450K | +11.1% |
Summary: Salisbury Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $256K | $298.5K | +16.6% |
| Salisbury Township | $231K | $267.8K | +15.9% |
| Salisbury | $244.9K | $272.5K | +11.3% |
| Spencer | $214.5K | $236.2K | +10.1% |
| East Spencer | $217.5K | $224K | +3.0% |
Housing Supply in Salisbury Township, NC
How many homes are available in Salisbury Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 421 | 459 | +9.0% |
Summary: The Salisbury Township real estate market had 459 homes for sale in March 2024, a 9.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 57 | 60 | +5.3% |
| 3 Bedrooms | 261 | 285 | +9.2% |
| 4 Bedrooms | 79 | 88 | +11.4% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The Salisbury Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 66 | +3.1% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salisbury Township, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Salisbury Township in March 2024, up by 3.1% month-over-month. Of the 66 sold homes, 61% were sold under asking, 18% were sold at asking, and 21% were sold over asking.
Days on Market for Salisbury Township, NC
How long does it take to sell a home in Salisbury Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 60 Days | +4.0% |
Summary: Homes in Salisbury Township had an average of 60 days on market in Mar 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salisbury Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 66 homes were sold in Salisbury Township; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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