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 November 2022

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

$369,750

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$5,264(+1.4%)

Key Takeaway

Homes in South Point Township have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in South Point Township was $369,750 in November 2023, up 1.4% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $189.5K$120K
-36.7%
2 $241K$243.8K
+1.2%
3 $330.6K$349.9K
+5.8%
4 $480K$505K
+5.2%
5+ $529K$611K
+15.5%

Summary: South Point Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 15.5%.

Median Sold Price Compared To Nearby Cities

Lowell
+3.9%
South Point Township
+1.4%
Cramerton
-4.3%

Housing Supply in South Point Township, NC

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

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
211210-0.5%

Summary: The South Point Township real estate market had 210 homes for sale in November 2023, a 0.5% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 22
0.0%
2 4441
-6.8%
3 108105
-2.8%
4 4146
+12.2%
5+ 1616
0.0%

Summary: The South Point Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
6141-32.8%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

7 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. 56.1% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in South Point Township in November 2023, down by 32.8% month-over-month. Of the 41 sold homes, 56% were sold under asking, 27% 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

Nov 2022Nov 2023CHANGE
30 Days23 Days-22.9%

Summary: Homes in South Point Township had an average of 23 days on market in Nov 2023, down by 22.9% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2023, 41 homes were sold in South Point Township; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% 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 6 Days Ago

Newest Listings in South Point Township, NC

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