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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Triangle Township is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Triangle Township, NC

How much do homes in Triangle Township, NC cost?

Median Sold Price

$442,113

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$23,470(+5.6%)

Key Takeaway

Homes in Triangle Township have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Triangle Township was $442,113 in June 2024, up 5.6% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $223K$235K
+5.4%
2 $301.6K$311K
+3.1%
3 $400.4K$419.9K
+4.9%
4 $547.5K$550K
0.4%
5+ $780K$778.5K
-0.2%

Summary: Triangle Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Cities

Triangle Township
+5.6%
Durham
+4.2%
Chapel Hill Township
+4.0%
Durham Township
+3.7%
Chapel Hill
+3.3%

Housing Supply in Triangle Township, NC

How many homes are available in Triangle Township, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
430382-11.2%

Summary: The Triangle Township real estate market had 382 homes for sale in June 2024, a 11.2% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 56
+20.0%
2 5659
+5.4%
3 230181
-21.3%
4 9797
0.0%
5+ 4239
-7.1%

Summary: The Triangle Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 21.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
142109-23.2%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

49 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Triangle Township, you could pay more than the asking price. 45% of homes here sold above asking price last month.

Summary: A total of 109 homes were sold or pending in Triangle Township in June 2024, down by 23.2% month-over-month. Of the 109 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.

Days on Market for Triangle Township, NC

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

Average Sale Time

Jun 2023Jun 2024CHANGE
60 Days18 Days-69.0%

Summary: Homes in Triangle Township had an average of 18 days on market in Jun 2024, down by 69% compared to last year.

Breakdown of Home Sale Times

91 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 109 homes were sold in Triangle Township; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% 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 26 Days Ago

Newest Listings in Triangle Township, NC

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