Is Seventy-First 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, Seventy-First Township has remained a Seller's Market.
Key Takeaway
Seventy-First Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seventy-First Township, NC
How much do homes in Seventy-First Township, NC cost?
Median Sold Price
$211,666
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Seventy-First Township have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Seventy-First Township was $211,666 in April 2024, up 10.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $64K | $76K | +18.8% |
| 2 Bedrooms | $105K | $122.8K | +17.0% |
| 3 Bedrooms | $182.5K | $205K | +12.3% |
| 4 Bedrooms | $265.6K | $275K | +3.5% |
| 5+ Bedrooms | $345K | $370.5K | +7.4% |
Summary: Seventy-First Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Manchester Township | $149.3K | $175.2K | +17.3% |
| Seventy-First Township | $192.3K | $211.6K | +10.1% |
| Fayetteville | $209.8K | $225K | +7.2% |
| McLauchlin Township | $265K | $283.3K | +6.9% |
Housing Supply in Seventy-First Township, NC
How many homes are available in Seventy-First Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 392 | 402 | +2.6% |
Summary: The Seventy-First Township real estate market had 402 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 33 | 42 | +27.3% |
| 3 Bedrooms | 259 | 241 | -6.9% |
| 4 Bedrooms | 83 | 99 | +19.3% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Seventy-First Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 117 | +5.4% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seventy-First Township, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 117 homes were sold or pending in Seventy-First Township in April 2024, up by 5.4% month-over-month. Of the 117 sold homes, 46% were sold under asking, 29% were sold at asking, and 25% were sold over asking.
Days on Market for Seventy-First Township, NC
How long does it take to sell a home in Seventy-First Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 21 Days | -58.2% |
Summary: Homes in Seventy-First Township had an average of 21 days on market in Apr 2024, down by 58.2% compared to last year.
Breakdown of Home Sale Times
98 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seventy-First Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 117 homes were sold in Seventy-First Township; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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