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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jerusalem Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Jerusalem Township was a Seller's Market.

Key Takeaway

Jerusalem Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Jerusalem Township, NC

How much do homes in Jerusalem Township, NC cost?

Median Sold Price

$225,500

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,000(+3.7%)

Key Takeaway

Homes in Jerusalem Township have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Jerusalem Township was $225,500 in May 2024, up 3.7% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $90K-
N/A
2 $118K$160K
+35.6%
3 $233K$252.4K
+8.3%
4 $233.2K$242.5K
+4.0%
5+ $519K-
N/A

Summary: Jerusalem 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 35.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fulton Township
+28.7%
Cooleemee
+16.9%
Jerusalem Township
+3.7%
Unity Township
-3.1%
Woodleaf
-3.4%

Housing Supply in Jerusalem Township, NC

How many homes are available in Jerusalem Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3335+6.1%

Summary: The Jerusalem Township real estate market had 35 homes for sale in May 2024, a 6.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1510
-33.3%
3 1618
+12.5%
4 27
+250.0%
5+ 00
0.0%

Summary: The Jerusalem 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 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 250%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jerusalem Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Jerusalem Township in May 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Jerusalem Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
65 Days10 Days-84.7%

Summary: Homes in Jerusalem Township had an average of 10 days on market in May 2024, down by 84.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Jerusalem Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Jerusalem Township, NC

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