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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Reedy Creek Township is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Reedy Creek Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Reedy Creek Township, NC

How much do homes in Reedy Creek Township, NC cost?

Median Sold Price

$390,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$90,000(+30.0%)

Key Takeaway

Homes in Reedy Creek Township have sold for 30% more than they did a year ago.

Summary: The median home sold price in Reedy Creek Township was $390,000 in April 2024, up 30% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $100K$125K
+25.0%
2 $131.5K$349.9K
+166.1%
3 $302K$299.4K
-0.9%
4 $410.2K$428.2K
+4.4%
5+ --
N/A

Summary: Reedy Creek Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 166.1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Reedy Creek Township
+30.0%
Hampton Township
+5.5%
Arcadia Township
+1.0%
Tyro Township
+0.9%

Housing Supply in Reedy Creek Township, NC

How many homes are available in Reedy Creek Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
108-20.0%

Summary: The Reedy Creek Township real estate market had 8 homes for sale in April 2024, a 20.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 42
-50.0%
5+ 00
0.0%

Summary: The Reedy Creek 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 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Reedy Creek Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Reedy Creek Township in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Reedy Creek Township, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
94 Days63 Days-32.4%

Summary: Homes in Reedy Creek Township had an average of 63 days on market in Apr 2024, down by 32.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Reedy Creek Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 12 Days Ago

Newest Listings in Reedy Creek Township, NC

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What housing markets are near Reedy Creek Township, NC?