Is South Point 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, South Point Township has remained a Seller's Market.
Housing Prices in South Point Township, NC
How much do homes in South Point Township, NC cost?
Median Sold Price
$375,222
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Point Township was $375,222 in May 2024, up 0.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $107.5K | -44.2% |
2 Bedrooms | $245K | $259K | +5.7% |
3 Bedrooms | $337.3K | $358K | +6.1% |
4 Bedrooms | $475K | $510K | +7.4% |
5+ Bedrooms | $542.9K | $700K | +28.9% |
Summary: South Point Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 28.9%.
Housing Supply in South Point Township, NC
How many homes are available in South Point Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
277 | 316 | +14.1% |
Summary: The South Point Township real estate market had 316 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 36 | 36 | 0.0% |
3 Bedrooms | 139 | 162 | +16.5% |
4 Bedrooms | 65 | 75 | +15.4% |
5+ Bedrooms | 36 | 40 | +11.1% |
Summary: The South Point Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 66 | -13.2% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in South Point Township in May 2024, down by 13.2% month-over-month. Of the 66 sold homes, 48% were sold under asking, 27% were sold at asking, and 24% were sold over asking.
Days on Market for South Point Township, NC
How long does it take to sell a home in South Point Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 22 Days | -32.8% |
Summary: Homes in South Point Township had an average of 22 days on market in May 2024, down by 32.8% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 66 homes were sold in South Point Township; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.