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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sandy Ridge Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Sandy Ridge Township has remained a Seller's Market.

Key Takeaway

Sandy Ridge Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sandy Ridge Township, NC

How much do homes in Sandy Ridge Township, NC cost?

Median Sold Price

$794,793

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$63,534(+8.7%)

Key Takeaway

Homes in Sandy Ridge Township have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Sandy Ridge Township was $794,793 in March 2024, up 8.7% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$677.8K
N/A
2 $383.4K$426K
+11.1%
3 $425K$465K
+9.4%
4 $717.7K$800.5K
+11.5%
5+ $875K$923.3K
+5.5%

Summary: Sandy Ridge Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Waxhaw
+21.4%
Weddington
+13.2%
Marvin
+10.5%
Sandy Ridge Township
+8.7%
Wesley Chapel
+2.8%

Housing Supply in Sandy Ridge Township, NC

How many homes are available in Sandy Ridge Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
174207+19.0%

Summary: The Sandy Ridge Township real estate market had 207 homes for sale in March 2024, a 19.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 26
+200.0%
3 4137
-9.8%
4 5166
+29.4%
5+ 8098
+22.5%

Summary: The Sandy Ridge Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 22.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4755+17.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sandy Ridge Township, you could pay more than the asking price. 41.8% of homes here sold above asking price last month.

Summary: A total of 55 homes were sold or pending in Sandy Ridge Township in March 2024, up by 17.0% month-over-month. Of the 55 sold homes, 40% were sold under asking, 18% were sold at asking, and 42% were sold over asking.

Days on Market for Sandy Ridge Township, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
31 Days29 Days-6.9%

Summary: Homes in Sandy Ridge Township had an average of 29 days on market in Mar 2024, down by 6.9% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 55 homes were sold in Sandy Ridge Township; 69% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 11% 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 17 Days Ago

Newest Listings in Sandy Ridge Township, NC

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