Is Buford 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, Buford Township has remained a Seller's Market.
Housing Prices in Buford Township, NC
How much do homes in Buford Township, NC cost?
Median Sold Price
$390,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Buford Township was $390,000 in April 2024, up 4.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $540K | - | N/A |
2 Bedrooms | $285K | $255.5K | -10.4% |
3 Bedrooms | $365K | $384.1K | +5.2% |
4 Bedrooms | $435K | $437.5K | +0.6% |
5+ Bedrooms | $530K | $485K | -8.5% |
Summary: Buford 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 10.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
Marshville Township | $290K | $350K | +20.7% |
Monroe Township | $350K | $379.9K | +8.6% |
Lanes Creek Township | $359K | $389.9K | +8.6% |
Buford Township | $373.4K | $390K | +4.4% |
Mineral Springs | $445K | $420K | -5.6% |
Housing Supply in Buford Township, NC
How many homes are available in Buford Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 35 | +12.9% |
Summary: The Buford Township real estate market had 35 homes for sale in April 2024, a 12.9% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Buford 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 remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Buford Township in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Buford Township, NC
How long does it take to sell a home in Buford Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 49 Days | +70.9% |
Summary: Homes in Buford Township had an average of 49 days on market in Apr 2024, up by 70.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Buford Township; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.