Is Upper Hominy Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Upper Hominy Township has remained a Seller's Market.
Key Takeaway
Upper Hominy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Hominy Township, NC
How much do homes in Upper Hominy Township, NC cost?
Median Sold Price
$403,500
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Upper Hominy Township have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Upper Hominy Township was $403,500 in March 2024, up 6.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $282K | -6.8% |
| 2 Bedrooms | $299.9K | $305K | +1.7% |
| 3 Bedrooms | $386.5K | $415K | +7.3% |
| 4 Bedrooms | $552.5K | $459K | -16.9% |
| 5+ Bedrooms | $393.8K | $538.4K | +36.7% |
Summary: Upper Hominy Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes increased by 36.7%.
Median Sold Price Compared To Nearby Cities
| Lower Hominy Township | $410.9K | $459K | +11.7% |
| Beaverdam Township | $295.7K | $327.5K | +10.7% |
| Candler | $397.2K | $434.7K | +9.4% |
| Upper Hominy Township | $380K | $403.5K | +6.2% |
| Avery Creek Township | $570K | $595K | +4.4% |
Housing Supply in Upper Hominy Township, NC
How many homes are available in Upper Hominy Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 61 | -12.9% |
Summary: The Upper Hominy Township real estate market had 61 homes for sale in March 2024, a 12.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 47 | 40 | -14.9% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Upper Hominy Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Hominy Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Upper Hominy Township in March 2024, down by 42.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Upper Hominy Township, NC
How long does it take to sell a home in Upper Hominy Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 29 Days | -63.8% |
Summary: Homes in Upper Hominy Township had an average of 29 days on market in Mar 2024, down by 63.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Upper Hominy Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Upper Hominy Township; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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