Is South Point 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, South Point Township has remained a Seller's Market.
Housing Prices in South Point Township, NC
How much do homes in South Point Township, NC cost?
Median Sold Price
$375,250
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Point Township was $375,250 in April 2024, up 0.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $107.5K | -44.2% |
2 Bedrooms | $245K | $253K | +3.3% |
3 Bedrooms | $339.5K | $358K | +5.4% |
4 Bedrooms | $472.5K | $505.5K | +7.0% |
5+ Bedrooms | $535K | $650K | +21.5% |
Summary: South Point Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.2%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 21.5%.
Housing Supply in South Point Township, NC
How many homes are available in South Point Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
268 | 274 | +2.2% |
Summary: The South Point Township real estate market had 274 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 34 | 34 | 0.0% |
3 Bedrooms | 140 | 142 | +1.4% |
4 Bedrooms | 61 | 62 | +1.6% |
5+ Bedrooms | 32 | 35 | +9.4% |
Summary: The South Point 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 increased by 1.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 9.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 73 | +14.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in South Point Township in April 2024, up by 14.1% month-over-month. Of the 73 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for South Point Township, NC
How long does it take to sell a home in South Point Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 28 Days | +16.7% |
Summary: Homes in South Point Township had an average of 28 days on market in Apr 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 73 homes were sold in South Point Township; 71% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.