Is Spring Hope, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Spring Hope was a Buyer's Market.
Housing Prices in Spring Hope, NC
How much do homes in Spring Hope, NC cost?
Median Sold Price
$285,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Hope was $285,000 in April 2024, down 1.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $106.5K | -33.4% |
3 Bedrooms | $290.7K | $287K | -1.3% |
4 Bedrooms | $312.9K | $299.2K | -4.4% |
5+ Bedrooms | $324.9K | $352.9K | +8.6% |
Summary: Spring Hope housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
Mannings Township | $215K | $246K | +14.4% |
Spring Hope | $289.4K | $285K | -1.5% |
Housing Supply in Spring Hope, NC
How many homes are available in Spring Hope, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 27 | -12.9% |
Summary: The Spring Hope real estate market had 27 homes for sale in April 2024, a 12.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spring Hope 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 decreased by 33.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Spring Hope in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Spring Hope, NC
How long does it take to sell a home in Spring Hope, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
96 Days | 29 Days | -70.0% |
Summary: Homes in Spring Hope had an average of 29 days on market in Apr 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Spring Hope; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.