Is Seventy-First Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seventy-First Township is a seller's market

Buyer's
Market

Difference Since May 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

$214,033

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,045(+9.8%)

Key Takeaway

Homes in Seventy-First Township have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Seventy-First Township was $214,033 in May 2024, up 9.8% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $65K$75.5K
+16.2%
2 $110K$127K
+15.5%
3 $184K$205K
+11.4%
4 $274.5K$275K
0.2%
5+ $345K$375.4K
+8.8%

Summary: Seventy-First Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Cities

Manchester Township
+16.8%
Seventy-First Township
+9.8%
Fayetteville
+4.9%
McLauchlin Township
+2.3%

Housing Supply in Seventy-First Township, NC

How many homes are available in Seventy-First Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
434419-3.5%

Summary: The Seventy-First Township real estate market had 419 homes for sale in May 2024, a 3.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 4748
+2.1%
3 251229
-8.8%
4 109110
+0.9%
5+ 2530
+20.0%

Summary: The Seventy-First Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
131128-2.3%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

51 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seventy-First Township, expect to pay close to the asking price. 39.8% of homes here sold near the asking price last month.

Summary: A total of 128 homes were sold or pending in Seventy-First Township in May 2024, down by 2.3% month-over-month. Of the 128 sold homes, 32% were sold under asking, 40% were sold at asking, and 28% 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

May 2023May 2024CHANGE
46 Days16 Days-64.5%

Summary: Homes in Seventy-First Township had an average of 16 days on market in May 2024, down by 64.5% compared to last year.

Breakdown of Home Sale Times

109 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 128 homes were sold in Seventy-First Township; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% 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 18 Days Ago

Newest Listings in Seventy-First Township, NC

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