Is New Light 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, New Light Township was a Seller's Market.
Key Takeaway
New Light 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 New Light Township, NC
How much do homes in New Light Township, NC cost?
Median Sold Price
$949,495
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Light Township have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in New Light Township was $949,495 in April 2024, up 15.1% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | - | N/A |
| 2 Bedrooms | $382.4K | $260K | -32.0% |
| 3 Bedrooms | $541.2K | $635K | +17.3% |
| 4 Bedrooms | $875K | $965K | +10.3% |
| 5+ Bedrooms | $1.0M | $1.0M | +1.1% |
Summary: New Light 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 decreased by 32%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| New Light Township | $825K | $949.4K | +15.1% |
| Bartons Creek Township | $860K | $930.8K | +8.2% |
| Carr Township | $482K | $515K | +6.8% |
| Dutchville Township | $296K | $310K | +4.7% |
| Wake Forest Township | $494.2K | $515.1K | +4.2% |
Housing Supply in New Light Township, NC
How many homes are available in New Light Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 87 | +14.5% |
Summary: The New Light Township real estate market had 87 homes for sale in April 2024, a 14.5% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 39 | 50 | +28.2% |
| 5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The New Light 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 decreased by 100%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Light Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in New Light Township in April 2024, down by 22.2% month-over-month. Of the 14 sold homes, 57% were sold under asking, 36% were sold at asking, and 7% were sold over asking.
Days on Market for New Light Township, NC
How long does it take to sell a home in New Light Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 154 Days | 47 Days | -68.9% |
Summary: Homes in New Light Township had an average of 47 days on market in Apr 2024, down by 68.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Light Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in New Light Township; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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