Is Pearces Mill 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, Pearces Mill Township has remained a Seller's Market.
Housing Prices in Pearces Mill Township, NC
How much do homes in Pearces Mill Township, NC cost?
Median Sold Price
$209,500
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pearces Mill Township was $209,500 in April 2024, up 13.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $120K | $125K | +4.2% |
3 Bedrooms | $180.3K | $205K | +13.7% |
4 Bedrooms | $230K | $247K | +7.4% |
5+ Bedrooms | $233.5K | $376K | +61.0% |
Summary: Pearces Mill 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 4.2%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 61%.
Median Sold Price Compared To Nearby Cities
Pearces Mill Township | $185K | $209.5K | +13.2% |
Hope Mills | $241.6K | $268.4K | +11.1% |
Rockfish Township | $230K | $252.8K | +9.9% |
Fayetteville | $209.8K | $225K | +7.2% |
Cross Creek Township | $206K | $220K | +6.8% |
Housing Supply in Pearces Mill Township, NC
How many homes are available in Pearces Mill Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 72 | -4.0% |
Summary: The Pearces Mill Township real estate market had 72 homes for sale in April 2024, a 4.0% 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 | 3 | -25.0% |
3 Bedrooms | 44 | 42 | -4.5% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pearces Mill 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 25%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 18 | -18.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Pearces Mill Township in April 2024, down by 18.2% month-over-month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for Pearces Mill Township, NC
How long does it take to sell a home in Pearces Mill Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 16 Days | -53.7% |
Summary: Homes in Pearces Mill Township had an average of 16 days on market in Apr 2024, down by 53.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Pearces Mill Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.