Is Sumner Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Sumner Township has remained a Seller's Market.
Key Takeaway
Sumner Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sumner Township, NC
How much do homes in Sumner Township, NC cost?
Median Sold Price
$380,000
$217/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Sumner Township have sold for 17.1% more than they did a month ago.
Summary: The median home sold price in Sumner Township was $380,000 in April 2024, up 17.1% from last month, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $225K | -8.2% |
| 3 Bedrooms | $262K | $380K | +45.0% |
| 4 Bedrooms | $595K | $384.9K | -35.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Sumner Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 45%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes did not change.
Housing Supply in Sumner Township, NC
How many homes are available in Sumner Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Sumner Township real estate market had 36 homes for sale in April 2024, a 12.5% increase 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 | 9 | 7 | -22.2% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sumner Township 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 22.2%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sumner Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Sumner Township in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Sumner Township, NC
How long does it take to sell a home in Sumner Township, NC?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 11 Days | -45.7% |
Summary: Homes in Sumner Township had an average of 11 days on market in Apr 2024, down by 45.7% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sumner Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Sumner Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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