Is Marks Creek 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, Marks Creek Township was a Seller's Market.
Key Takeaway
Marks Creek Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Marks Creek Township, NC
How much do homes in Marks Creek Township, NC cost?
Median Sold Price
$399,966
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marks Creek Township have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Marks Creek Township was $399,966 in April 2024, down 0.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160.3K | N/A |
| 2 Bedrooms | $350K | $374K | +6.9% |
| 3 Bedrooms | $384.3K | $374.5K | -2.6% |
| 4 Bedrooms | $468K | $465K | -0.6% |
| 5+ Bedrooms | $560K | $465K | -17.0% |
Summary: Marks Creek 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 6.9%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 17%.
Median Sold Price Compared To Nearby Cities
| Little River Township | $350.5K | $352.9K | +0.7% |
| Knightdale | $380K | $379.9K | 0% |
| Wilders Township | $403.4K | $401.2K | -0.5% |
| Marks Creek Township | $402.6K | $399.9K | -0.7% |
| Wendell | $418.1K | $410.6K | -1.8% |
Housing Supply in Marks Creek Township, NC
How many homes are available in Marks Creek Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 145 | 126 | -13.1% |
Summary: The Marks Creek Township real estate market had 126 homes for sale in April 2024, a 13.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 78 | 72 | -7.7% |
| 4 Bedrooms | 44 | 34 | -22.7% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Marks Creek Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 20 | -39.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marks Creek Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Marks Creek Township in April 2024, down by 39.4% month-over-month. Of the 20 sold homes, 40% were sold under asking, 35% were sold at asking, and 25% were sold over asking.
Days on Market for Marks Creek Township, NC
How long does it take to sell a home in Marks Creek Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 137 Days | 23 Days | -82.8% |
Summary: Homes in Marks Creek Township had an average of 23 days on market in Apr 2024, down by 82.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marks Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Marks Creek Township; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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