Is Spring Hill Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Spring Hill Township has remained a Seller's Market.
Key Takeaway
Spring Hill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Hill Township, NC
How much do homes in Spring Hill Township, NC cost?
Median Sold Price
$324,250
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Spring Hill Township have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Spring Hill Township was $324,250 in March 2024, down 6.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $243K | +73.6% |
| 3 Bedrooms | $255K | $200K | -21.6% |
| 4 Bedrooms | $359.2K | $374K | +4.1% |
| 5+ Bedrooms | $400K | $323.5K | -19.1% |
Summary: Spring Hill Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 73.6%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Cities
| Spring Hill Township | $346.6K | $324.2K | -6.5% |
| Wagram | $359.2K | $328.1K | -8.7% |
| Laurel Hill Township | $147K | $119.9K | -18.4% |
Housing Supply in Spring Hill Township, NC
How many homes are available in Spring Hill Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The Spring Hill Township real estate market had 5 homes for sale in March 2024, a 28.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spring Hill Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Hill Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Spring Hill Township in March 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Spring Hill Township, NC
How long does it take to sell a home in Spring Hill Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 186 Days | 143 Days | -22.8% |
Summary: Homes in Spring Hill Township had an average of 143 days on market in Mar 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Spring Hill Township has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Spring Hill Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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