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 April 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

$241,017

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,017(+4.8%)

Key Takeaway

Homes in Thomasville Township have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Thomasville Township was $241,017 in April 2024, up 4.8% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $97K$71.2K
-26.5%
2 $137.7K$155K
+12.5%
3 $225K$246.2K
+9.4%
4 $316K$339K
+7.3%
5+ $365K$365K
0.0%

Summary: Thomasville Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Midway Township
+18.3%
Thomasville
+6.7%
Thomasville Township
+4.8%
Conrad Hill Township
+4.6%
Lexington Township
+0.7%

Housing Supply in Thomasville Township, NC

How many homes are available in Thomasville Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
180182+1.1%

Summary: The Thomasville Township real estate market had 182 homes for sale in April 2024, a 1.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 3429
-14.7%
3 117119
+1.7%
4 2128
+33.3%
5+ 65
-16.7%

Summary: The Thomasville Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
45450.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thomasville Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 45 homes were sold or pending in Thomasville Township in April 2024, the same as the previous month. Of the 45 sold homes, 31% were sold under asking, 40% were sold at asking, and 29% 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

Apr 2023Apr 2024CHANGE
29 Days25 Days-13.4%

Summary: Homes in Thomasville Township had an average of 25 days on market in Apr 2024, down by 13.4% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 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 April 2024, 45 homes were sold in Thomasville Township; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% 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 9 Days Ago

Newest Listings in Thomasville Township, NC

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