Is Friendship 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, Friendship Township has remained a Seller's Market.
Key Takeaway
Friendship Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Friendship Township, NC
How much do homes in Friendship Township, NC cost?
Median Sold Price
$277,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Friendship Township have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Friendship Township was $277,000 in April 2024, down 1.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $194K | $202.5K | +4.4% |
| 3 Bedrooms | $274.7K | $280K | +1.9% |
| 4 Bedrooms | $415K | $417K | 0.5% |
| 5+ Bedrooms | $400K | $467.5K | +16.9% |
Summary: Friendship 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 increased by 4.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Morehead Township | $273.1K | $293.5K | +7.5% |
| Greensboro | $265K | $276.2K | +4.2% |
| Bruce Township | $557.7K | $574.7K | +3.0% |
| Friendship Township | $280K | $277K | -1.1% |
| Deep River Township | $398K | $381.1K | -4.2% |
Housing Supply in Friendship Township, NC
How many homes are available in Friendship Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Friendship Township real estate market had 32 homes for sale in April 2024, a 6.7% 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 | 13 | 12 | -7.7% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Friendship 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 decreased by 7.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Friendship Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Friendship Township in April 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Friendship Township, NC
How long does it take to sell a home in Friendship Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 21 Days | -46.6% |
Summary: Homes in Friendship Township had an average of 21 days on market in Apr 2024, down by 46.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Friendship Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Friendship Township; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
