Is Sandy Ridge Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sandy Ridge Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $677.8K | N/A |
2 Bedrooms | $383.4K | $426K | +11.1% |
3 Bedrooms | $425K | $465K | +9.4% |
4 Bedrooms | $717.7K | $800.5K | +11.5% |
5+ Bedrooms | $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 | $580K | $704K | +21.4% |
Weddington | $850K | $962K | +13.2% |
Marvin | $1.0M | $1.1M | +10.5% |
Sandy Ridge Township | $731.2K | $794.7K | +8.7% |
Wesley Chapel | $615K | $632.5K | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
174 | 207 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 41 | 37 | -9.8% |
4 Bedrooms | 51 | 66 | +29.4% |
5+ Bedrooms | 80 | 98 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 55 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 29 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
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.