Is Barringer 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, Barringer Township has remained a Seller's Market.
Housing Prices in Barringer Township, NC
How much do homes in Barringer Township, NC cost?
Median Sold Price
$359,325
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Barringer Township was $359,325 in May 2024, down 0.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $227.5K | N/A |
2 Bedrooms | $120K | $255K | +112.5% |
3 Bedrooms | $326K | $351K | +7.7% |
4 Bedrooms | $397.5K | $374.9K | -5.7% |
5+ Bedrooms | $505.2K | $402.5K | -20.3% |
Summary: Barringer 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 112.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 20.3%.
Median Sold Price Compared To Nearby Cities
Mooresville | $434.2K | $490.2K | +12.9% |
Barringer Township | $361.4K | $359.3K | -0.6% |
Troutman | $402.5K | $383K | -4.8% |
Housing Supply in Barringer Township, NC
How many homes are available in Barringer Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 56 | +7.7% |
Summary: The Barringer Township real estate market had 56 homes for sale in May 2024, a 7.7% increase 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 | 2 | 4 | +100.0% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Barringer 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 100%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Barringer Township in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Barringer Township, NC
How long does it take to sell a home in Barringer Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 72 Days | +127.2% |
Summary: Homes in Barringer Township had an average of 72 days on market in May 2024, up by 127.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Barringer Township; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.