Is Sumner Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Sumner Township was a Neutral Market.
Housing Prices in Sumner Township, NC
How much do homes in Sumner Township, NC cost?
Median Sold Price
$303,538
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sumner Township was $303,538 in May 2024, up 9.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | - | N/A |
2 Bedrooms | $222.5K | $245K | +10.1% |
3 Bedrooms | $255.4K | $290K | +13.5% |
4 Bedrooms | $353.9K | $382.4K | +8.1% |
5+ Bedrooms | $485K | $479.9K | -1.0% |
Summary: Sumner 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 10.1%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
Fentress Township | $307.5K | $340K | +10.6% |
Sumner Township | $278.1K | $303.5K | +9.1% |
Greensboro | $265K | $279.8K | +5.6% |
Pleasant Garden | $305K | $320K | +4.9% |
Jamestown Township | $330K | $330K | 0.0% |
Housing Supply in Sumner Township, NC
How many homes are available in Sumner Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 40 | +14.3% |
Summary: The Sumner Township real estate market had 40 homes for sale in May 2024, a 14.3% 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 | 7 | 6 | -14.3% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Sumner 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 decreased by 14.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Sumner Township in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Sumner Township, NC
How long does it take to sell a home in Sumner Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 61 Days | +57.5% |
Summary: Homes in Sumner Township had an average of 61 days on market in May 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Sumner Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.