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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thomasville Township is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Thomasville Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Thomasville Township, NC

How much do homes in Thomasville Township, NC cost?

Median Sold Price

$250,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$16,333(+7.0%)

Key Takeaway

Homes in Thomasville Township have sold for 7% more than they did a year ago.

Summary: The median home sold price in Thomasville Township was $250,000 in December 2024, up 7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $71.2K$40K
-43.9%
2 $152.5K$163.5K
+7.2%
3 $236K$254.9K
+8.0%
4 $310K$356.5K
+15.0%
5+ $365K$375K
+2.7%

Summary: Thomasville Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.9%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Cities

Thomasville Township
+7.0%
Thomasville
+6.8%
Lexington Township
+3.1%
Midway Township
-0.1%
Conrad Hill Township
-3.7%

Housing Supply in Thomasville Township, NC

How many homes are available in Thomasville Township, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
175148-15.4%

Summary: The Thomasville Township real estate market had 148 homes for sale in December 2024, a 15.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 12
+100.0%
2 4436
-18.2%
3 11291
-18.8%
4 1718
+5.9%
5+ 11
0.0%

Summary: The Thomasville Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4738-19.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thomasville Township, you may be able to get a good deal. 55.3% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Thomasville Township in December 2024, down by 19.1% month-over-month. Of the 38 sold homes, 55% were sold under asking, 26% were sold at asking, and 18% were sold over asking.

Days on Market for Thomasville Township, NC

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

Average Sale Time

Dec 2023Dec 2024CHANGE
17 Days34 Days+92.0%

Summary: Homes in Thomasville Township had an average of 34 days on market in Dec 2024, up by 92% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 38 homes were sold in Thomasville Township; 58% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 8% 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 12 Days Ago

Newest Listings in Thomasville Township, NC

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