Is Seventy-First 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, Seventy-First Township has remained a Seller's Market.
Key Takeaway
Seventy-First Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seventy-First Township, NC
How much do homes in Seventy-First Township, NC cost?
Median Sold Price
$211,333
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Seventy-First Township have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Seventy-First Township was $211,333 in March 2024, up 11.2% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $64K | $76K | +18.8% |
| 2 Bedrooms | $105K | $122.8K | +17.0% |
| 3 Bedrooms | $181.3K | $203.2K | +12.1% |
| 4 Bedrooms | $263K | $272.5K | +3.6% |
| 5+ Bedrooms | $340K | $370K | +8.8% |
Summary: Seventy-First Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Manchester Township | $149.5K | $172.5K | +15.4% |
| Seventy-First Township | $190K | $211.3K | +11.2% |
| Fayetteville | $206.2K | $224.9K | +9.1% |
| McLauchlin Township | $268K | $280.6K | +4.7% |
Housing Supply in Seventy-First Township, NC
How many homes are available in Seventy-First Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 360 | 369 | +2.5% |
Summary: The Seventy-First Township real estate market had 369 homes for sale in March 2024, a 2.5% 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 | 25 | 29 | +16.0% |
| 3 Bedrooms | 233 | 248 | +6.4% |
| 4 Bedrooms | 84 | 74 | -11.9% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Seventy-First 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 16%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 95 | 101 | +6.3% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seventy-First Township, expect to pay close to the asking price. 40.6% of homes here sold near the asking price last month.
Summary: A total of 101 homes were sold or pending in Seventy-First Township in March 2024, up by 6.3% month-over-month. Of the 101 sold homes, 36% were sold under asking, 41% were sold at asking, and 24% were sold over asking.
Days on Market for Seventy-First Township, NC
How long does it take to sell a home in Seventy-First Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 41 Days | -17.6% |
Summary: Homes in Seventy-First Township had an average of 41 days on market in Mar 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Seventy-First Township has remained consistent over time.
Summary: During March 2024, 101 homes were sold in Seventy-First Township; 29% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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