Is South Point Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Point Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, South Point Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Point Township, NC

How much do homes in South Point Township, NC cost?

Median Sold Price

$388,750

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,575(+5.0%)

Key Takeaway

Homes in South Point Township have sold for 5% more than they did a year ago.

Summary: The median home sold price in South Point Township was $388,750 in September 2024, up 5% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $172.2K$147.5K
-14.4%
2 $245K$263.6K
+7.6%
3 $345K$360K
+4.3%
4 $480K$525K
+9.4%
5+ $573.7K$620K
+8.1%

Summary: South Point Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.4%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Cities

Lowell
+9.9%
Cramerton
+7.8%
South Point Township
+5.0%

Housing Supply in South Point Township, NC

How many homes are available in South Point Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
344340-1.2%

Summary: The South Point Township real estate market had 340 homes for sale in September 2024, a 1.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 31
-66.7%
2 5354
+1.9%
3 163160
-1.8%
4 9191
0.0%
5+ 3434
0.0%

Summary: The South Point Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
7763-18.2%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Point Township, you may be able to get a good deal. 54% of homes here sold below asking price last month.

Summary: A total of 63 homes were sold or pending in South Point Township in September 2024, down by 18.2% month-over-month. Of the 63 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% were sold over asking.

Days on Market for South Point Township, NC

How long does it take to sell a home in South Point Township, NC?

Average Sale Time

Sep 2023Sep 2024CHANGE
21 Days39 Days+85.7%

Summary: Homes in South Point Township had an average of 39 days on market in Sep 2024, up by 85.7% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 63 homes were sold in South Point Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% 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 10 Days Ago

Newest Listings in South Point Township, NC

Nearby Markets to South Point Township, NC

What housing markets are near South Point Township, NC?