Is Black River Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Black River Township has remained a Seller's Market.
Key Takeaway
Black River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Black River Township, NC
How much do homes in Black River Township, NC cost?
Median Sold Price
$345,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Black River Township have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Black River Township was $345,000 in April 2024, down 1.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $223.9K | $199.9K | -10.7% |
| 3 Bedrooms | $335K | $343.2K | +2.5% |
| 4 Bedrooms | $383.7K | $359.9K | -6.2% |
| 5+ Bedrooms | $450K | $391.2K | -13.1% |
Summary: Black River Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Neills Creek Township | $359.9K | $376K | +4.4% |
| Fuquay Varina | $456K | $449.9K | -1.3% |
| Black River Township | $350K | $345K | -1.4% |
| Angier | $361.9K | $354.9K | -1.9% |
| Hectors Creek Township | $415.9K | $405K | -2.6% |
Housing Supply in Black River Township, NC
How many homes are available in Black River Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 93 | 100 | +7.5% |
Summary: The Black River Township real estate market had 100 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 50 | 53 | +6.0% |
| 4 Bedrooms | 31 | 33 | +6.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Black River Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Black River Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Black River Township in April 2024, down by 4.8% month-over-month. Of the 20 sold homes, 45% were sold under asking, 50% were sold at asking, and 5% were sold over asking.
Days on Market for Black River Township, NC
How long does it take to sell a home in Black River Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 116 Days | 34 Days | -70.0% |
Summary: Homes in Black River Township had an average of 34 days on market in Apr 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Black River Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Black River Township; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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