Is New Hope 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, New Hope Township has remained a Seller's Market.
Housing Prices in New Hope Township, NC
How much do homes in New Hope Township, NC cost?
Median Sold Price
$262,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Hope Township was $262,500 in May 2024, up 2.9% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $245K | N/A |
3 Bedrooms | $235K | $234.9K | 0% |
4 Bedrooms | $362K | $337.9K | -6.7% |
5+ Bedrooms | $510K | $422.4K | -17.2% |
Summary: New Hope 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
Walnut Creek | $374.5K | $403K | +7.6% |
Indian Springs Township | $230K | $243K | +5.7% |
New Hope Township | $255K | $262.5K | +2.9% |
Goldsboro Township | $240.2K | $245K | +2.0% |
Goldsboro | $240.3K | $245K | +1.9% |
Housing Supply in New Hope Township, NC
How many homes are available in New Hope Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 83 | +29.7% |
Summary: The New Hope Township real estate market had 83 homes for sale in May 2024, a 29.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 33 | 42 | +27.3% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The New Hope 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 increased by 27.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in New Hope Township in May 2024, up by 66.7% month-over-month. Of the 15 sold homes, 40% were sold under asking, 47% were sold at asking, and 13% were sold over asking.
Days on Market for New Hope Township, NC
How long does it take to sell a home in New Hope Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 55 Days | +54.5% |
Summary: Homes in New Hope Township had an average of 55 days on market in May 2024, up by 54.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in New Hope Township; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.