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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Market Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in New Market Township, NC

How much do homes in New Market Township, NC cost?

Median Sold Price

$285,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$35,250(+14.1%)

Key Takeaway

Homes in New Market Township have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in New Market Township was $285,000 in May 2024, up 14.1% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $180K$259K
+43.9%
3 $264K$285K
+8.0%
4 $350K$367K
+4.9%
5+ -$1.7M
N/A

Summary: New Market 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 43.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

New Market Township
+14.1%
Level Cross Township
+1.5%
Randleman
+1.2%
Randleman Township
+1.0%

Housing Supply in New Market Township, NC

How many homes are available in New Market Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1623+43.8%

Summary: The New Market Township real estate market had 23 homes for sale in May 2024, a 43.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1218
+50.0%
4 22
0.0%
5+ 00
0.0%

Summary: The New Market 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 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
18+700.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Market Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in New Market Township in May 2024, up by 700.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for New Market Township, NC

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

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in New Market Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 New Market Township, NC

Nearby Markets to New Market Township, NC

What housing markets are near New Market Township, NC?