Is Brassfield 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, Brassfield Township has remained a Seller's Market.
Key Takeaway
Brassfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brassfield Township, NC
How much do homes in Brassfield Township, NC cost?
Median Sold Price
$439,500
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brassfield Township have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Brassfield Township was $439,500 in May 2024, up 1.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $472.5K | $320K | -32.3% |
| 3 Bedrooms | $375K | $363K | -3.2% |
| 4 Bedrooms | $660K | $692.7K | +5.0% |
| 5+ Bedrooms | $553.5K | $730K | +31.9% |
Summary: Brassfield 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 32.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Cities
| Tally Ho Township | $300.5K | $332.5K | +10.6% |
| Fishing Creek Township | $253.5K | $270K | +6.5% |
| Dutchville Township | $304K | $310K | +2.0% |
| Brassfield Township | $432K | $439.5K | +1.7% |
| Creedmoor | $347.4K | $335K | -3.6% |
Housing Supply in Brassfield Township, NC
How many homes are available in Brassfield Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 63 | -7.4% |
Summary: The Brassfield Township real estate market had 63 homes for sale in May 2024, a 7.4% 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 | 1 | 0.0% |
| 3 Bedrooms | 26 | 23 | -11.5% |
| 4 Bedrooms | 38 | 36 | -5.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Brassfield 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 decreased by 11.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brassfield Township, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Brassfield Township in May 2024, down by 21.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market for Brassfield Township, NC
How long does it take to sell a home in Brassfield Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 77 Days | 10 Days | -86.8% |
Summary: Homes in Brassfield Township had an average of 10 days on market in May 2024, down by 86.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brassfield Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Brassfield Township; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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