Is Spring Hope, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Hope is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Spring Hope has remained a Seller's Market.

Key Takeaway

Spring Hope is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Spring Hope, NC cost?

Median Sold Price

$180,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$30,000(+20.0%)

Key Takeaway

Homes in Spring Hope have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 --
N/A
2 $112.5K-
N/A
3 $190K$175K
-7.9%
4 $192.5K$280K
+45.5%
5+ -$160.9K
N/A

Median Sold Price Compared To Nearby Cities

Spring Hope
+20.0%
Mannings Township
+10.9%

How many homes are available in Spring Hope, NC?

Number of Homes For Sale

May 2022Jun 2022%
68+33.3%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 00
0.0%
2 02
+100.0%
3 44
0.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

May 2022Jun 2022%
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Hope, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
12 Days8 Days-31.2%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spring Hope are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Spring Hope, NC

There are 8 homes are for sale in Spring Hope, NC real estate market. Between May 2022 and June 2022, Spring Hope, NC real estate market has seen increase in the number of listings by 33.3%. In June 2022, listings were on the market for 8 days. During the same period, the median list price in this real estate market was $180,000. Listing prices have changed in this real estate market between May 2022 and June 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties became 7.9% more cheaper, 4 bedrooms properties became 45.5% more expensive, 5 bedrooms properties prices increased by 0%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes increased by 100%, 3 bedrooms homes did not move, 4 bedrooms homes inventory did not change, 5 bedrooms homes did not move. In June 2022, from all listings sold in Spring Hope, NC there were more than 2 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.