Is Mayo 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, Mayo Township has remained a Seller's Market.
Housing Prices in Mayo Township, NC
How much do homes in Mayo Township, NC cost?
Median Sold Price
$235,210
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mayo Township was $235,210 in April 2024, down 7.3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $120K | +118.2% |
2 Bedrooms | $145K | $129.4K | -10.8% |
3 Bedrooms | $274.9K | $267.4K | -2.7% |
4 Bedrooms | $227.7K | $216.5K | -4.9% |
5+ Bedrooms | - | - | N/A |
Summary: Mayo Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 118.2%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Madison Township | $185K | $220K | +18.9% |
Mayo Township | $253.8K | $235.2K | -7.3% |
Stoneville | $265K | $238K | -10.2% |
Housing Supply in Mayo Township, NC
How many homes are available in Mayo Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 17 | -22.7% |
Summary: The Mayo Township real estate market had 17 homes for sale in April 2024, a 22.7% decrease 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 | 4 | 4 | 0.0% |
3 Bedrooms | 17 | 11 | -35.3% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mayo 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 35.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Mayo Township in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Mayo Township, NC
How long does it take to sell a home in Mayo Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 80 Days | -5.0% |
Summary: Homes in Mayo Township had an average of 80 days on market in Apr 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Mayo Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.