Is Sandy Ridge 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, Sandy Ridge Township has remained a Seller's Market.
Housing Prices in Sandy Ridge Township, NC
How much do homes in Sandy Ridge Township, NC cost?
Median Sold Price
$795,333
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sandy Ridge Township was $795,333 in April 2024, up 8.6% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $677.8K | N/A |
2 Bedrooms | $381.6K | $426K | +11.6% |
3 Bedrooms | $427.9K | $465K | +8.7% |
4 Bedrooms | $722.4K | $801.5K | +10.9% |
5+ Bedrooms | $900K | $900.2K | 0.0% |
Summary: Sandy Ridge 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 11.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Waxhaw | $589K | $710.1K | +20.6% |
Weddington | $865.5K | $976K | +12.8% |
Marvin | $1.0M | $1.1M | +11.8% |
Sandy Ridge Township | $732.6K | $795.3K | +8.6% |
Wesley Chapel | $612.5K | $616K | +0.6% |
Housing Supply in Sandy Ridge Township, NC
How many homes are available in Sandy Ridge Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
209 | 239 | +14.4% |
Summary: The Sandy Ridge Township real estate market had 239 homes for sale in April 2024, a 14.4% 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 | 6 | 8 | +33.3% |
3 Bedrooms | 37 | 44 | +18.9% |
4 Bedrooms | 63 | 80 | +27.0% |
5+ Bedrooms | 103 | 107 | +3.9% |
Summary: The Sandy Ridge 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 increased by 33.3%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 3.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 62 | +5.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Sandy Ridge Township in April 2024, up by 5.1% month-over-month. Of the 62 sold homes, 34% were sold under asking, 11% were sold at asking, and 55% were sold over asking.
Days on Market for Sandy Ridge Township, NC
How long does it take to sell a home in Sandy Ridge Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 13 Days | -42.3% |
Summary: Homes in Sandy Ridge Township had an average of 13 days on market in Apr 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in Sandy Ridge Township; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.