Is Traphill Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Traphill Township is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Traphill Township was a Neutral Market.

Key Takeaway

Traphill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Traphill Township, NC

How much do homes in Traphill Township, NC cost?

Median Sold Price

$311,750

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$30,750(-9.0%)

Key Takeaway

Homes in Traphill Township have sold for 9% less than they did a year ago.

Summary: The median home sold price in Traphill Township was $311,750 in April 2024, down 9% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $239K$101.5K
-57.5%
2 $327.9K$245K
-25.3%
3 $347.5K$460K
+32.4%
4 $355K$293.5K
-17.3%
5+ $365K-
N/A

Summary: Traphill Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.5%, 2 bedroom homes decreased by 25.3%, 3 bedroom homes increased by 32.4%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Edwards Township
+2.9%
Traphill Township
-9.0%

Housing Supply in Traphill Township, NC

How many homes are available in Traphill Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1017+70.0%

Summary: The Traphill Township real estate market had 17 homes for sale in April 2024, a 70.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 14
+300.0%
3 710
+42.9%
4 00
0.0%
5+ 00
0.0%

Summary: The Traphill Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Traphill Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Traphill Township in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Traphill Township, NC

How long does it take to sell a home in Traphill Township, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
2 Days165 Days+8150.0%

Summary: Homes in Traphill Township had an average of 165 days on market in Apr 2024, up by 8150% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Traphill Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 4 homes were sold in Traphill Township; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Traphill Township, NC

Nearby Markets to Traphill Township, NC

What housing markets are near Traphill Township, NC?