Is Panther Branch 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, Panther Branch Township has remained a Seller's Market.
Housing Prices in Panther Branch Township, NC
How much do homes in Panther Branch Township, NC cost?
Median Sold Price
$455,234
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Panther Branch Township was $455,234 in April 2024, up 3.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $292.8K | $389K | +32.9% |
3 Bedrooms | $415K | $415K | 0.0% |
4 Bedrooms | $520K | $560K | +7.7% |
5+ Bedrooms | $494.7K | $547.3K | +10.6% |
Summary: Panther Branch 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 32.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Swift Creek Township | $527.2K | $569.3K | +8.0% |
Panther Branch Township | $440K | $455.2K | +3.5% |
Middle Creek Township | $475.1K | $484.9K | +2.1% |
Garner | $400K | $400K | 0.0% |
Saint Marys Township | $355.2K | $345.1K | -2.8% |
Housing Supply in Panther Branch Township, NC
How many homes are available in Panther Branch Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 99 | -4.8% |
Summary: The Panther Branch Township real estate market had 99 homes for sale in April 2024, a 4.8% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 64 | 64 | 0.0% |
4 Bedrooms | 34 | 28 | -17.6% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Panther Branch 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 remained the same, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 33 | +13.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Panther Branch Township in April 2024, up by 13.8% month-over-month. Of the 33 sold homes, 42% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for Panther Branch Township, NC
How long does it take to sell a home in Panther Branch Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
95 Days | 65 Days | -31.5% |
Summary: Homes in Panther Branch Township had an average of 65 days on market in Apr 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Panther Branch Township; 48% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.