Is Hogback Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hogback Township was a Neutral Market.
Key Takeaway
Hogback Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hogback Township, NC
How much do homes in Hogback Township, NC cost?
Median Sold Price
$565,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hogback Township have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Hogback Township was $565,000 in April 2024, up 2.7% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254K | $376.8K | +48.4% |
| 2 Bedrooms | $225K | $349.9K | +55.6% |
| 3 Bedrooms | $1.0M | $625K | -39.0% |
| 4 Bedrooms | $1.4M | $1.2M | -13.9% |
| 5+ Bedrooms | $2.4M | $4.2M | +72.2% |
Summary: Hogback Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes increased by 55.6%, 3 bedroom homes decreased by 39%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 72.2%.
Median Sold Price Compared To Nearby Cities
| Lake Toxaway | $485K | $545.3K | +12.5% |
| Hogback Township | $550K | $565K | +2.7% |
Housing Supply in Hogback Township, NC
How many homes are available in Hogback Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 43 | +22.9% |
Summary: The Hogback Township real estate market had 43 homes for sale in April 2024, a 22.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hogback 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 50%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hogback Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hogback Township in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hogback Township, NC
How long does it take to sell a home in Hogback Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 92 Days | +29.8% |
Summary: Homes in Hogback Township had an average of 92 days on market in Apr 2024, up by 29.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hogback Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Hogback Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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