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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing High Point Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, High Point Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in High Point Township, NC

How much do homes in High Point Township, NC cost?

Median Sold Price

$257,032

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,733(+2.7%)

Key Takeaway

Homes in High Point Township have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in High Point Township was $257,032 in May 2024, up 2.7% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $73.7K$94.5K
+28.1%
2 $134.1K$160K
+19.2%
3 $245K$249.8K
+2.0%
4 $366.3K$359.9K
-1.8%
5+ $432.5K$475K
+9.8%

Summary: High Point Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Cities

High Point Township
+2.7%
High Point
+1.3%
Jamestown
+1.2%
Archdale
+0.6%
Jamestown Township
0.0%

Housing Supply in High Point Township, NC

How many homes are available in High Point Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
450448-0.4%

Summary: The High Point Township real estate market had 448 homes for sale in May 2024, a 0.4% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 8495
+13.1%
3 244231
-5.3%
4 10098
-2.0%
5+ 2123
+9.5%

Summary: The High Point 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 13.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 9.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
139129-7.2%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in High Point Township, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.

Summary: A total of 129 homes were sold or pending in High Point Township in May 2024, down by 7.2% month-over-month. Of the 129 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.

Days on Market for High Point Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
32 Days30 Days-7.5%

Summary: Homes in High Point Township had an average of 30 days on market in May 2024, down by 7.5% compared to last year.

Breakdown of Home Sale Times

92 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in High Point Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 129 homes were sold in High Point Township; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% 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 1 Day Ago

Newest Listings in High Point Township, NC

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