Is Triangle 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, Triangle Township has remained a Seller's Market.
Key Takeaway
Triangle Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Triangle Township, NC
How much do homes in Triangle Township, NC cost?
Median Sold Price
$438,610
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Triangle Township have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Triangle Township was $438,610 in April 2024, up 4.3% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221.5K | $237.5K | +7.2% |
| 2 Bedrooms | $305K | $309.5K | +1.5% |
| 3 Bedrooms | $403.3K | $420K | +4.1% |
| 4 Bedrooms | $550K | $549.9K | 0% |
| 5+ Bedrooms | $775K | $789.9K | +1.9% |
Summary: Triangle Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Chapel Hill Township | $600K | $646.4K | +7.7% |
| Chapel Hill | $616.7K | $653.2K | +5.9% |
| Triangle Township | $420.5K | $438.6K | +4.3% |
| Durham | $404.9K | $414.9K | +2.5% |
| Durham Township | $404.4K | $411.2K | +1.7% |
Housing Supply in Triangle Township, NC
How many homes are available in Triangle Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 319 | 340 | +6.6% |
Summary: The Triangle Township real estate market had 340 homes for sale in April 2024, a 6.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 43 | 47 | +9.3% |
| 3 Bedrooms | 164 | 177 | +7.9% |
| 4 Bedrooms | 73 | 75 | +2.7% |
| 5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The Triangle Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 102 | 111 | +8.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Triangle Township, you could pay more than the asking price. 55.9% of homes here sold above asking price last month.
Summary: A total of 111 homes were sold or pending in Triangle Township in April 2024, up by 8.8% month-over-month. Of the 111 sold homes, 24% were sold under asking, 20% were sold at asking, and 56% were sold over asking.
Days on Market for Triangle Township, NC
How long does it take to sell a home in Triangle Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 19 Days | -71.2% |
Summary: Homes in Triangle Township had an average of 19 days on market in Apr 2024, down by 71.2% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Triangle Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 111 homes were sold in Triangle Township; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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