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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Youngsville Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Youngsville Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Youngsville Township, NC

How much do homes in Youngsville Township, NC cost?

Median Sold Price

$422,500

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,426(+2.0%)

Key Takeaway

Homes in Youngsville Township have sold for 2% more than they did a year ago.

Summary: The median home sold price in Youngsville Township was $422,500 in March 2024, up 2% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$215K
N/A
2 $372.5K$467K
+25.4%
3 $378.3K$379.9K
0.4%
4 $441.3K$481.2K
+9.0%
5+ $433.4K$449.9K
+3.8%

Summary: Youngsville 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 25.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Cities

Youngsville
+3.6%
Youngsville Township
+2.0%
Wake Forest
0%
Harris Township
-0.4%
Franklinton Township
-2.9%

Housing Supply in Youngsville Township, NC

How many homes are available in Youngsville Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
156133-14.7%

Summary: The Youngsville Township real estate market had 133 homes for sale in March 2024, a 14.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 7258
-19.4%
4 6863
-7.4%
5+ 128
-33.3%

Summary: The Youngsville 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 19.4%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4132-22.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Youngsville Township, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Youngsville Township in March 2024, down by 22.0% month-over-month. Of the 32 sold homes, 44% were sold under asking, 41% were sold at asking, and 16% were sold over asking.

Days on Market for Youngsville Township, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
119 Days65 Days-45.0%

Summary: Homes in Youngsville Township had an average of 65 days on market in Mar 2024, down by 45% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Youngsville Township has remained consistent over time.

Summary: During March 2024, 32 homes were sold in Youngsville Township; 16% of homes were sold within 30 days, 66% of homes were sold within 30 to 90 days, and 19% 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 23 Days Ago

Newest Listings in Youngsville Township, NC

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