Is Meredith 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, Meredith Township has remained a Seller's Market.
Key Takeaway
Meredith Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meredith Township, NC
How much do homes in Meredith Township, NC cost?
Median Sold Price
$585,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Meredith Township have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Meredith Township was $585,000 in April 2024, up 2.2% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $234.5K | +14.4% |
| 2 Bedrooms | $345K | $300K | -13.0% |
| 3 Bedrooms | $534.9K | $610K | +14.0% |
| 4 Bedrooms | $658K | $765K | +16.3% |
| 5+ Bedrooms | $1.3M | $950.5K | -31.0% |
Summary: Meredith Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Cities
| Cary Township | $564.3K | $590K | +4.5% |
| House Creek Township | $415.1K | $431.7K | +4.0% |
| Raleigh Township | $414.7K | $430.2K | +3.7% |
| Raleigh | $414.8K | $430.1K | +3.7% |
| Meredith Township | $572.5K | $585K | +2.2% |
Housing Supply in Meredith Township, NC
How many homes are available in Meredith Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The Meredith Township real estate market had 41 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Meredith Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meredith Township, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Meredith Township in April 2024, the same as the previous month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Meredith Township, NC
How long does it take to sell a home in Meredith Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 92 Days | 10 Days | -89.0% |
Summary: Homes in Meredith Township had an average of 10 days on market in Apr 2024, down by 89% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Meredith Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Meredith Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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