Is Banner 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, Banner Township was a Neutral Market.
Housing Prices in Banner Township, NC
How much do homes in Banner Township, NC cost?
Median Sold Price
$329,900
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Banner Township was $329,900 in May 2024, down 2.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $198K | $176.5K | -10.9% |
3 Bedrooms | $312.4K | $325K | +4.0% |
4 Bedrooms | $380K | $380K | 0.0% |
5+ Bedrooms | - | $455K | N/A |
Summary: Banner 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 decreased by 10.9%, 3 bedroom homes increased by 4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Averasboro Township | $210K | $240K | +14.3% |
Elevation Township | $349.9K | $354.9K | +1.4% |
Benson | $349.9K | $352.7K | +0.8% |
Grove Township | $274K | $275K | 0.4% |
Banner Township | $337.2K | $329.9K | -2.2% |
Housing Supply in Banner Township, NC
How many homes are available in Banner Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 56 | -5.1% |
Summary: The Banner Township real estate market had 56 homes for sale in May 2024, a 5.1% decrease 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 | 3 | +200.0% |
3 Bedrooms | 52 | 49 | -5.8% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Banner 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 increased by 200%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Banner Township in May 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for Banner Township, NC
How long does it take to sell a home in Banner Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
88 Days | 21 Days | -75.9% |
Summary: Homes in Banner Township had an average of 21 days on market in May 2024, down by 75.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Banner Township; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.