Is Springhill Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springhill Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Springhill Township was a Seller's Market.

Key Takeaway

Springhill Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Springhill Township, NC

How much do homes in Springhill Township, NC cost?

Median Sold Price

$249,900

$180/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$235,100(-48.5%)

Key Takeaway

Homes in Springhill Township have sold for 48.5% less than they did a month ago.

Summary: The median home sold price in Springhill Township was $249,900 in September 2024, down 48.5% from last month, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $865K$249.9K
-71.1%
4 $361K-
N/A
5+ $485K-
N/A

Summary: Springhill Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 71.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Springhill Township, NC

How many homes are available in Springhill Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
611+83.3%

Summary: The Springhill Township real estate market had 11 homes for sale in September 2024, a 83.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 00
0.0%
3 410
+150.0%
4 10
-100.0%
5+ 10
-100.0%

Summary: The Springhill Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 150%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springhill Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Springhill Township in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Springhill Township, NC

How long does it take to sell a home in Springhill Township, NC?

Average Sale Time

Aug 2024Sep 2024CHANGE
42 Days5 Days-88.1%

Summary: Homes in Springhill Township had an average of 5 days on market in Sep 2024, down by 88.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Springhill Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Springhill Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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