Is Old Fields 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, Old Fields Township has remained a Seller's Market.
Key Takeaway
Old Fields Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Fields Township, NC
How much do homes in Old Fields Township, NC cost?
Median Sold Price
$350,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Old Fields Township have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Old Fields Township was $350,000 in May 2024, up 1.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $159.9K | N/A |
| 3 Bedrooms | $343.9K | $345K | 0.3% |
| 4 Bedrooms | $485K | $406.9K | -16.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Old Fields 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 increased by 0.3%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sims | $306K | $395K | +29.1% |
| Springhill Township | $240K | $255K | +6.3% |
| Old Fields Township | $344.9K | $350K | +1.5% |
| Bailey Township | $309.9K | $301.2K | -2.8% |
| Cross Roads Township | $211.8K | $200K | -5.6% |
Housing Supply in Old Fields Township, NC
How many homes are available in Old Fields Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The Old Fields Township real estate market had 23 homes for sale in May 2024, a 8.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Old Fields 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 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Old Fields Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Old Fields Township in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Old Fields Township, NC
How long does it take to sell a home in Old Fields Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 108 Days | 38 Days | -64.5% |
Summary: Homes in Old Fields Township had an average of 38 days on market in May 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Old Fields Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Old Fields Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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