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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salisbury Township is a neutral's market

Buyer's
Market

Difference Since November 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

$269,588

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,605(+3.7%)

Key Takeaway

Homes in Salisbury Township have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Salisbury Township was $269,588 in November 2024, up 3.7% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $200K$180K
-10.0%
2 $187K$192.5K
+2.9%
3 $255K$271.1K
+6.3%
4 $317.5K$337.5K
+6.3%
5+ $431.4K$340K
-21.2%

Summary: Salisbury Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 21.2%.

Median Sold Price Compared To Nearby Cities

Salisbury
+6.3%
Franklin Township
+5.6%
Salisbury Township
+3.7%
East Spencer
-4.5%
Spencer
-7.4%

Housing Supply in Salisbury Township, NC

How many homes are available in Salisbury Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
509533+4.7%

Summary: The Salisbury Township real estate market had 533 homes for sale in November 2024, a 4.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 7484
+13.5%
3 299312
+4.3%
4 8885
-3.4%
5+ 4145
+9.8%

Summary: The Salisbury Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 9.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9882-16.3%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salisbury Township, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.

Summary: A total of 82 homes were sold or pending in Salisbury Township in November 2024, down by 16.3% month-over-month. Of the 82 sold homes, 62% were sold under asking, 24% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
34 Days44 Days+28.0%

Summary: Homes in Salisbury Township had an average of 44 days on market in Nov 2024, up by 28% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 82 homes were sold in Salisbury Township; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% 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 9 Days Ago

Newest Listings in Salisbury Township, NC

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