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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sulphur Springs Township is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Sulphur Springs Township was a Neutral Market.

Key Takeaway

Sulphur Springs Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sulphur Springs Township, NC

How much do homes in Sulphur Springs Township, NC cost?

Median Sold Price

$259,500

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$49,500(+23.6%)

Key Takeaway

Homes in Sulphur Springs Township have sold for 23.6% more than they did a year ago.

Summary: The median home sold price in Sulphur Springs Township was $259,500 in March 2024, up 23.6% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $192.4K$343K
+78.2%
3 $224.7K$235.5K
+4.8%
4 $170K$410K
+141.2%
5+ -$481K
N/A

Summary: Sulphur Springs 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 78.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 141.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sulphur Springs Township
+23.6%
Rutherfordton Township
+11.1%
Cool Spring Township
+9.7%
High Shoals Township
+6.3%
Union Township
-8.8%

Housing Supply in Sulphur Springs Township, NC

How many homes are available in Sulphur Springs Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1316+23.1%

Summary: The Sulphur Springs Township real estate market had 16 homes for sale in March 2024, a 23.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 65
-16.7%
4 23
+50.0%
5+ 01
+100.0%

Summary: The Sulphur Springs 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 increased by 40%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sulphur Springs Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Sulphur Springs Township in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Sulphur Springs Township, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
7 Days53 Days+657.1%

Summary: Homes in Sulphur Springs Township had an average of 53 days on market in Mar 2024, up by 657.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sulphur Springs Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in Sulphur Springs Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

Newest Listings in Sulphur Springs Township, NC

Nearby Markets to Sulphur Springs Township, NC

What housing markets are near Sulphur Springs Township, NC?