Is Willow Spring, 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, Willow Spring has remained a Seller's Market.
Key Takeaway
Willow Spring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Willow Spring, NC
How much do homes in Willow Spring, NC cost?
Median Sold Price
$405,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Willow Spring have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Willow Spring was $405,000 in April 2024, down 4.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | - | N/A |
| 2 Bedrooms | $275K | $315.5K | +14.7% |
| 3 Bedrooms | $377.2K | $360K | -4.6% |
| 4 Bedrooms | $499.9K | $499.9K | 0.0% |
| 5+ Bedrooms | $594.9K | $522K | -12.3% |
Summary: Willow Spring 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 14.7%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Pleasant Grove Township | $380.5K | $385K | +1.2% |
| Fuquay-Varina | $429.3K | $433.9K | +1.1% |
| Black River Township | $350K | $345K | -1.4% |
| Angier | $361.9K | $354.9K | -1.9% |
| Willow Spring | $422.2K | $405K | -4.1% |
Housing Supply in Willow Spring, NC
How many homes are available in Willow Spring, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 88 | +22.2% |
Summary: The Willow Spring real estate market had 88 homes for sale in April 2024, a 22.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 50 | 60 | +20.0% |
| 4 Bedrooms | 20 | 28 | +40.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Willow Spring 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 20%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 27 | +237.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Willow Spring, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Willow Spring in April 2024, up by 237.5% month-over-month. Of the 27 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Willow Spring, NC
How long does it take to sell a home in Willow Spring, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 91 Days | 43 Days | -52.0% |
Summary: Homes in Willow Spring had an average of 43 days on market in Apr 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Willow Spring are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Willow Spring; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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