Is Micro Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Micro Township has remained a Seller's Market.
Housing Prices in Micro Township, NC
How much do homes in Micro Township, NC cost?
Median Sold Price
$285,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Micro Township was $285,000 in May 2024, down 8.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $148.7K | $238.9K | +60.6% |
3 Bedrooms | $310K | $285K | -8.1% |
4 Bedrooms | $333.9K | - | N/A |
5+ Bedrooms | $380K | - | N/A |
Summary: Micro Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.6%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beulah Township | $255K | $301.5K | +18.2% |
Kenly | $252K | $289.9K | +15.0% |
Pine Level Township | $295K | $298K | +1.0% |
Micro Township | $311.7K | $285K | -8.6% |
Housing Supply in Micro Township, NC
How many homes are available in Micro Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 30 | +7.1% |
Summary: The Micro Township real estate market had 30 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Micro Township housing inventory by bedroom type for May 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 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Micro Township in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 78% were sold at asking, and 11% were sold over asking.
Days on Market for Micro Township, NC
How long does it take to sell a home in Micro Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
86 Days | 12 Days | -85.9% |
Summary: Homes in Micro Township had an average of 12 days on market in May 2024, down by 85.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Micro Township; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.