Is Mulberry Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mulberry Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Mulberry Township has remained a Seller's Market.

Key Takeaway

Mulberry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mulberry Township, NC

How much do homes in Mulberry Township, NC cost?

Median Sold Price

$220,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$22,500(+11.4%)

Key Takeaway

Homes in Mulberry Township have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Mulberry Township was $220,000 in April 2024, up 11.4% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $115K$159.5K
+38.7%
2 $154.5K$189.9K
+22.9%
3 $220.5K$232K
+5.2%
4 $220K$305K
+38.6%
5+ --
N/A

Summary: Mulberry Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.7%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mulberry Township
+11.4%
Hays
+2.3%
Millers Creek
-3.2%
Mc Grady
-51.0%

Housing Supply in Mulberry Township, NC

How many homes are available in Mulberry Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1716-5.9%

Summary: The Mulberry Township real estate market had 16 homes for sale in April 2024, a 5.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 25
+150.0%
3 129
-25.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Mulberry Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mulberry Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Mulberry Township in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Mulberry Township, NC

How long does it take to sell a home in Mulberry Township, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
14 Days47 Days+220.5%

Summary: Homes in Mulberry Township had an average of 47 days on market in Apr 2024, up by 220.5% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mulberry Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in Mulberry 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Mulberry Township, NC

Nearby Markets to Mulberry Township, NC

What housing markets are near Mulberry Township, NC?