Is Willow Spring, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Willow Spring was a Seller's Market.
Key Takeaway
Willow Spring 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 Willow Spring, NC
How much do homes in Willow Spring, NC cost?
Median Sold Price
$420,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Willow Spring have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Willow Spring was $420,000 in November 2023, up 2.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | - | N/A |
| 2 Bedrooms | $307.5K | $210K | -31.7% |
| 3 Bedrooms | $367K | $365K | -0.5% |
| 4 Bedrooms | $489.9K | $499.9K | +2.0% |
| 5+ Bedrooms | $606.5K | $664K | +9.5% |
Summary: Willow Spring housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Willow Spring | $408.9K | $420K | +2.7% |
| Pleasant Grove Township | $376K | $385K | +2.4% |
| Fuquay-Varina | $434.5K | $424.8K | -2.2% |
| Angier | $362.4K | $352K | -2.9% |
| Black River Township | $360K | $344.9K | -4.2% |
Housing Supply in Willow Spring, NC
How many homes are available in Willow Spring, NC?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 57 | 52 | -8.8% |
Summary: The Willow Spring real estate market had 52 homes for sale in November 2023, a 8.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 36 | 36 | 0.0% |
| 4 Bedrooms | 17 | 12 | -29.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Willow Spring housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 17 | 8 | -52.9% |
Asking Price vs. Sold Price
4 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 Willow Spring, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Willow Spring in November 2023, down by 52.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Willow Spring, NC
How long does it take to sell a home in Willow Spring, NC?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 83 Days | 67 Days | -18.8% |
Summary: Homes in Willow Spring had an average of 67 days on market in Nov 2023, down by 18.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Willow Spring has remained consistent over time.
Summary: During November 2023, 8 homes were sold in Willow Spring; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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