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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wentworth Township is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Wentworth Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Wentworth Township, NC

How much do homes in Wentworth Township, NC cost?

Median Sold Price

$268,950

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$58,950(+28.1%)

Key Takeaway

Homes in Wentworth Township have sold for 28.1% more than they did a year ago.

Summary: The median home sold price in Wentworth Township was $268,950 in February 2024, up 28.1% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$228.4K
N/A
2 $162.5K$194K
+19.4%
3 $218K$281K
+28.9%
4 $249.9K$415K
+66.1%
5+ $355K$372.4K
+4.9%

Summary: Wentworth Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 66.1%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Cities

Wentworth Township
+28.1%
Reidsville
+20.4%
Reidsville Township
+19.3%
Simpsonville Township
+12.9%

Housing Supply in Wentworth Township, NC

How many homes are available in Wentworth Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2116-23.8%

Summary: The Wentworth Township real estate market had 16 homes for sale in February 2024, a 23.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 127
-41.7%
4 43
-25.0%
5+ 00
0.0%

Summary: The Wentworth Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wentworth Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Wentworth Township in February 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Wentworth Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
78 Days84 Days+7.7%

Summary: Homes in Wentworth Township had an average of 84 days on market in Feb 2024, up by 7.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Wentworth Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 3 homes were sold in Wentworth Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 27 Days Ago

Newest Listings in Wentworth Township, NC

Nearby Markets to Wentworth Township, NC

What housing markets are near Wentworth Township, NC?