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 November 2022
Since last year, South Point Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $189.5K | $120K | -36.7% |
2 Bedrooms | $241K | $243.8K | +1.2% |
3 Bedrooms | $330.6K | $349.9K | +5.8% |
4 Bedrooms | $480K | $505K | +5.2% |
5+ Bedrooms | $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%.
Housing Supply in South Point Township, NC
How many homes are available in South Point Township, NC?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
211 | 210 | -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
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 44 | 41 | -6.8% |
3 Bedrooms | 108 | 105 | -2.8% |
4 Bedrooms | 41 | 46 | +12.2% |
5+ Bedrooms | 16 | 16 | 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 2023 | Nov 2023 | CHANGE |
---|---|---|
61 | 41 | -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
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 2022 | Nov 2023 | CHANGE |
---|---|---|
30 Days | 23 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
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.