Is Friendship 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, Friendship Township has remained a Seller's Market.
Housing Prices in Friendship Township, NC
How much do homes in Friendship Township, NC cost?
Median Sold Price
$290,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Friendship Township was $290,000 in May 2024, up 3.6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195.5K | $213.5K | +9.2% |
3 Bedrooms | $274.7K | $280K | +1.9% |
4 Bedrooms | $405K | $410K | +1.2% |
5+ Bedrooms | $399.5K | $527K | +31.9% |
Summary: Friendship 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 9.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Cities
Morehead Township | $270.6K | $294.7K | +8.9% |
Greensboro | $265K | $279.8K | +5.6% |
Friendship Township | $279.9K | $290K | +3.6% |
Bruce Township | $563K | $580K | +3.0% |
Deep River Township | $399.9K | $383.5K | -4.1% |
Housing Supply in Friendship Township, NC
How many homes are available in Friendship Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Summary: The Friendship Township real estate market had 34 homes for sale in May 2024, a 9.7% 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 | 12 | 10 | -16.7% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Friendship 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 16.7%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Friendship Township in May 2024, up by 100.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Friendship Township, NC
How long does it take to sell a home in Friendship Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 38 Days | +320.0% |
Summary: Homes in Friendship Township had an average of 38 days on market in May 2024, up by 320% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Friendship Township; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.