Is Panther Branch 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, Panther Branch Township has remained a Seller's Market.
Housing Prices in Panther Branch Township, NC
How much do homes in Panther Branch Township, NC cost?
Median Sold Price
$454,686
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Panther Branch Township was $454,686 in May 2024, up 3.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $206.4K | $392K | +89.9% |
3 Bedrooms | $415K | $415K | 0.0% |
4 Bedrooms | $520K | $547.5K | +5.3% |
5+ Bedrooms | $498.4K | $569.7K | +14.3% |
Summary: Panther Branch 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 89.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
Swift Creek Township | $541.9K | $565.3K | +4.3% |
Panther Branch Township | $438.3K | $454.6K | +3.7% |
Middle Creek Township | $474.9K | $487.9K | +2.7% |
Garner | $400K | $400K | 0.0% |
Saint Marys Township | $352.5K | $345.5K | -2.0% |
Housing Supply in Panther Branch Township, NC
How many homes are available in Panther Branch Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
134 | 129 | -3.7% |
Summary: The Panther Branch Township real estate market had 129 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 | 1 | 0.0% |
3 Bedrooms | 94 | 93 | -1.1% |
4 Bedrooms | 35 | 31 | -11.4% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Panther Branch 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 decreased by 1.1%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 39 | +11.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Panther Branch Township in May 2024, up by 11.4% month-over-month. Of the 39 sold homes, 49% were sold under asking, 33% were sold at asking, and 18% were sold over asking.
Days on Market for Panther Branch Township, NC
How long does it take to sell a home in Panther Branch Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
68 Days | 20 Days | -70.3% |
Summary: Homes in Panther Branch Township had an average of 20 days on market in May 2024, down by 70.3% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in Panther Branch Township; 72% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.