Is Mangum 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, Mangum Township has remained a Seller's Market.
Housing Prices in Mangum Township, NC
How much do homes in Mangum Township, NC cost?
Median Sold Price
$512,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mangum Township was $512,500 in May 2024, up 1.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $337.5K | $431K | +27.7% |
3 Bedrooms | $450K | $475K | +5.6% |
4 Bedrooms | $569.5K | $555.5K | -2.5% |
5+ Bedrooms | $642.5K | $700K | +8.9% |
Summary: Mangum 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 27.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
Lebanon Township | $394.7K | $425K | +7.7% |
Bahama | $489K | $510K | +4.3% |
Mangum Township | $505K | $512.5K | +1.5% |
Rougemont | $368.5K | $365.2K | -0.9% |
Little River Township | $439.9K | $393.5K | -10.5% |
Housing Supply in Mangum Township, NC
How many homes are available in Mangum Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 26 | -3.7% |
Summary: The Mangum Township real estate market had 26 homes for sale in May 2024, a 3.7% 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 | 2 | +100.0% |
3 Bedrooms | 18 | 13 | -27.8% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mangum 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 decreased by 27.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Mangum Township in May 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Mangum Township, NC
How long does it take to sell a home in Mangum Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 43 Days | +5.7% |
Summary: Homes in Mangum Township had an average of 43 days on market in May 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Mangum Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.