Is Wilson Mills 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, Wilson Mills Township has remained a Seller's Market.
Key Takeaway
Wilson Mills Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilson Mills Township, NC
How much do homes in Wilson Mills Township, NC cost?
Median Sold Price
$330,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wilson Mills Township have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in Wilson Mills Township was $330,000 in March 2024, down 8.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249K | $199K | -20.1% |
| 3 Bedrooms | $339K | $315.6K | -6.9% |
| 4 Bedrooms | $389K | $390K | 0.3% |
| 5+ Bedrooms | $499K | $479.5K | -3.9% |
Summary: Wilson Mills 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 decreased by 20.1%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Selma | $308.5K | $305K | -1.1% |
| Selma Township | $306.3K | $299.9K | -2.1% |
| Smithfield | $324.9K | $303.6K | -6.5% |
| Wilson Mills Township | $359K | $330K | -8.1% |
| Wilson's Mills | $351.5K | $314.3K | -10.6% |
Housing Supply in Wilson Mills Township, NC
How many homes are available in Wilson Mills Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 45 | -11.8% |
Summary: The Wilson Mills Township real estate market had 45 homes for sale in March 2024, a 11.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 38 | 30 | -21.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wilson Mills Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 21.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilson Mills 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 9 homes were sold or pending in Wilson Mills Township in March 2024, down by 18.2% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Wilson Mills Township, NC
How long does it take to sell a home in Wilson Mills Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 109 Days | 98 Days | -10.3% |
Summary: Homes in Wilson Mills Township had an average of 98 days on market in Mar 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Wilson Mills Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 9 homes were sold in Wilson Mills Township; 0% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
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