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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shoal Creek Township is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Shoal Creek Township was a Seller's Market.

Key Takeaway

Shoal Creek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Shoal Creek Township, NC

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

Median Sold Price

$340,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$21,200(-5.9%)

Key Takeaway

Homes in Shoal Creek Township have sold for 5.9% less than they did a year ago.

Summary: The median home sold price in Shoal Creek Township was $340,000 in April 2024, down 5.9% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $98K$182.4K
+86.2%
2 $312K$342.5K
+9.8%
3 $407K$487.5K
+19.8%
4 $1.0M$260K
-74.0%
5+ $395K-
N/A

Summary: Shoal Creek Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86.2%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 19.8%, 4 bedroom homes decreased by 74%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hothouse Township
+12.8%
Notla Township
+11.5%
Shoal Creek Township
-5.9%

Housing Supply in Shoal Creek Township, NC

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

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2426+8.3%

Summary: The Shoal Creek Township real estate market had 26 homes for sale in April 2024, a 8.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 33
0.0%
2 1112
+9.1%
3 99
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Shoal 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 increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shoal Creek Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Shoal Creek Township in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Shoal Creek Township, NC

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

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Shoal Creek Township has remained consistent over time.

Summary: During April 2024, 3 homes were sold in Shoal Creek Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 11 Days Ago

Newest Listings in Shoal Creek Township, NC

Nearby Markets to Shoal Creek Township, NC

What housing markets are near Shoal Creek Township, NC?