Is Trinity Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Trinity Township was a Seller's Market.
Key Takeaway
Trinity Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Trinity Township, NC
How much do homes in Trinity Township, NC cost?
Median Sold Price
$283,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Trinity Township have sold for 11% more than they did a year ago.
Summary: The median home sold price in Trinity Township was $283,000 in March 2024, up 11% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $77.5K | N/A |
| 2 Bedrooms | $125.5K | $160K | +27.5% |
| 3 Bedrooms | $250K | $270K | +8.0% |
| 4 Bedrooms | $352K | $334.7K | -4.9% |
| 5+ Bedrooms | $380.2K | $407.9K | +7.3% |
Summary: Trinity Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| High Point Township | $209.8K | $247.6K | +18.0% |
| Thomasville | $205K | $239.7K | +16.9% |
| Trinity Township | $255K | $283K | +11.0% |
| Trinity | $276K | $304.9K | +10.5% |
| Archdale | $236K | $239K | +1.3% |
Housing Supply in Trinity Township, NC
How many homes are available in Trinity Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 116 | -1.7% |
Summary: The Trinity Township real estate market had 116 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 69 | 68 | -1.4% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Trinity Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 19 | -47.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trinity Township, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Trinity Township in March 2024, down by 47.2% month-over-month. Of the 19 sold homes, 79% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Trinity Township, NC
How long does it take to sell a home in Trinity Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 31 Days | -30.9% |
Summary: Homes in Trinity Township had an average of 31 days on market in Mar 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Trinity Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Trinity Township; 53% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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