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 June 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
$214,988
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Seventy-First Township have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Seventy-First Township was $214,988 in June 2024, up 8.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $66.2K | $75.5K | +14.0% |
| 2 Bedrooms | $110K | $126.3K | +14.9% |
| 3 Bedrooms | $186K | $205K | +10.2% |
| 4 Bedrooms | $275.7K | $275K | -0.3% |
| 5+ Bedrooms | $350K | $370.5K | +5.9% |
Summary: Seventy-First Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Manchester Township | $150K | $177K | +18.0% |
| Seventy-First Township | $197.4K | $214.9K | +8.9% |
| Fayetteville | $215.2K | $226.3K | +5.2% |
| McLauchlin Township | $279.6K | $286K | +2.3% |
Housing Supply in Seventy-First Township, NC
How many homes are available in Seventy-First Township, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 456 | 414 | -9.2% |
Summary: The Seventy-First Township real estate market had 414 homes for sale in June 2024, a 9.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 52 | 48 | -7.7% |
| 3 Bedrooms | 248 | 238 | -4.0% |
| 4 Bedrooms | 120 | 95 | -20.8% |
| 5+ Bedrooms | 34 | 29 | -14.7% |
Summary: The Seventy-First Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 14.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 150 | 102 | -32.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seventy-First Township, you could pay more than the asking price. 35.3% of homes here sold above asking price last month.
Summary: A total of 102 homes were sold or pending in Seventy-First Township in June 2024, down by 32.0% month-over-month. Of the 102 sold homes, 33% were sold under asking, 31% were sold at asking, and 35% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 50 Days | 18 Days | -62.6% |
Summary: Homes in Seventy-First Township had an average of 18 days on market in Jun 2024, down by 62.6% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seventy-First Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 102 homes were sold in Seventy-First Township; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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