Is Providence 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, Providence Township has remained a Seller's Market.
Housing Prices in Providence Township, NC
How much do homes in Providence Township, NC cost?
Median Sold Price
$370,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Providence Township was $370,000 in May 2024, up 13.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $276K | - | N/A |
2 Bedrooms | $208.2K | $342.5K | +64.5% |
3 Bedrooms | $325K | $330K | +1.5% |
4 Bedrooms | $350K | $485K | +38.6% |
5+ Bedrooms | $413.9K | $675K | +63.1% |
Summary: Providence 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 64.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes increased by 63.1%.
Median Sold Price Compared To Nearby Cities
Morgan Township | $310K | $355.7K | +14.8% |
Providence Township | $325K | $370K | +13.8% |
Granite Quarry | $307.5K | $289.9K | -5.7% |
Gold Hill Township | $299.9K | $267.5K | -10.8% |
Housing Supply in Providence Township, NC
How many homes are available in Providence Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 50 | -2.0% |
Summary: The Providence Township real estate market had 50 homes for sale in May 2024, a 2.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 27 | 28 | +3.7% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Providence 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 3.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Providence Township in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Providence Township, NC
How long does it take to sell a home in Providence Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 46 Days | +32.6% |
Summary: Homes in Providence Township had an average of 46 days on market in May 2024, up by 32.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Providence Township; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.