Is South Point Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$375,250
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in South Point Township has remained the same since last year.
Summary: The median home sold price in South Point Township was $375,250 in April 2024, up 0.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $107.5K | -44.2% |
| 2 Bedrooms | $245K | $253K | +3.3% |
| 3 Bedrooms | $339.5K | $358K | +5.4% |
| 4 Bedrooms | $472.5K | $505.5K | +7.0% |
| 5+ Bedrooms | $535K | $650K | +21.5% |
Summary: South Point Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.2%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 21.5%.
Housing Supply in South Point Township, NC
How many homes are available in South Point Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 268 | 274 | +2.2% |
Summary: The South Point Township real estate market had 274 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 34 | 34 | 0.0% |
| 3 Bedrooms | 140 | 142 | +1.4% |
| 4 Bedrooms | 61 | 62 | +1.6% |
| 5+ Bedrooms | 32 | 35 | +9.4% |
Summary: The South Point Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 9.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 73 | +14.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Point Township, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in South Point Township in April 2024, up by 14.1% month-over-month. Of the 73 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +16.7% |
Summary: Homes in South Point Township had an average of 28 days on market in Apr 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Point Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 73 homes were sold in South Point Township; 71% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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