Is Jerusalem 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, Jerusalem Township has remained a Seller's Market.
Key Takeaway
Jerusalem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jerusalem Township, NC
How much do homes in Jerusalem Township, NC cost?
Median Sold Price
$224,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jerusalem Township have sold for 3% more than they did a year ago.
Summary: The median home sold price in Jerusalem Township was $224,000 in April 2024, up 3% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $111K | $160K | +44.1% |
| 3 Bedrooms | $233K | $247.2K | +6.1% |
| 4 Bedrooms | $240.9K | $224K | -7.1% |
| 5+ Bedrooms | $519K | - | N/A |
Summary: Jerusalem 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 44.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jerusalem Township | $217.5K | $224K | +3.0% |
| Woodleaf | $291.6K | $279.8K | -4.1% |
| Unity Township | $291.6K | $275K | -5.7% |
Housing Supply in Jerusalem Township, NC
How many homes are available in Jerusalem Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 34 | +25.9% |
Summary: The Jerusalem Township real estate market had 34 homes for sale in April 2024, a 25.9% 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 | 13 | 14 | +7.7% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jerusalem 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 7.7%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jerusalem 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 Jerusalem Township in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Jerusalem Township, NC
How long does it take to sell a home in Jerusalem Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 37 Days | -31.5% |
Summary: Homes in Jerusalem Township had an average of 37 days on market in Apr 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jerusalem Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Jerusalem Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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