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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sumner Township is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Sumner Township was a Seller's Market.

Key Takeaway

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

How much do homes in Sumner Township, NC cost?

Median Sold Price

$268,750

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$33,750(+14.4%)

Key Takeaway

Homes in Sumner Township have sold for 14.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $330K$76K
-77.0%
2 $130.2K$245K
+88.1%
3 $209.7K$260K
+24.0%
4 $387.5K$347.5K
-10.3%
5+ $539K$485K
-10.0%

Median Sold Price Compared To Nearby Cities

Pleasant Garden
+23.0%
Fentress Township
+22.5%
Sumner Township
+14.4%
Greensboro
+13.7%
Jamestown Township
+7.6%

How many homes are available in Sumner Township, NC?

Number of Homes For Sale

Dec 2022Jan 2023%
1215+25.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 12
+100.0%
3 77
0.0%
4 35
+66.7%
5+ 11
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sumner Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
10 Days276 Days+2665.0%

Breakdown of Home Sale Times

1 Home Was 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 Sumner Township 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 Sumner Township, NC

Homes for sale in Sumner Township, NC have reached 15. The inventory of homes for sale in Sumner Township, NC between December 2022 and January 2023 increased by 25%. In January 2023 median list price was $268,750 and the average listing age was 276 days. This housing market listing prices have changed between December 2022 and January 2023: prices of 1 bedroom properties went down by 77%, prices of 2 bedrooms properties went up by 88.1%, 3 bedrooms properties prices increased by 24%, 4 bedrooms properties became 10.3% more cheaper, the cost of 5 bedrooms properties went down by 10%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 100%, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes inventory increased by 66.7%, the quantity of 5 bedrooms homes have not changed. In January 2023, from all listings sold in Sumner Township, NC there were more than 0 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.

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