Is Swift Creek 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, Swift Creek Township has remained a Seller's Market.
Key Takeaway
Swift Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swift Creek Township, NC
How much do homes in Swift Creek Township, NC cost?
Median Sold Price
$565,302
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Swift Creek Township have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Swift Creek Township was $565,302 in May 2024, up 4.3% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $307K | $315K | +2.6% |
| 3 Bedrooms | $415.1K | $413.2K | -0.5% |
| 4 Bedrooms | $679K | $730K | +7.5% |
| 5+ Bedrooms | $809.9K | $825K | +1.9% |
Summary: Swift Creek 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 2.6%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Cary Township | $562.8K | $593K | +5.4% |
| Raleigh Township | $414.2K | $432.3K | +4.4% |
| Swift Creek Township | $541.9K | $565.3K | +4.3% |
| Panther Branch Township | $438.3K | $454.6K | +3.7% |
| Garner | $400K | $400K | 0.0% |
Housing Supply in Swift Creek Township, NC
How many homes are available in Swift Creek Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 177 | 172 | -2.8% |
Summary: The Swift Creek Township real estate market had 172 homes for sale in May 2024, a 2.8% 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 | 14 | 17 | +21.4% |
| 3 Bedrooms | 69 | 78 | +13.0% |
| 4 Bedrooms | 67 | 59 | -11.9% |
| 5+ Bedrooms | 27 | 18 | -33.3% |
Summary: The Swift Creek 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 21.4%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 52 | -10.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swift Creek Township, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in Swift Creek Township in May 2024, down by 10.3% month-over-month. Of the 52 sold homes, 37% were sold under asking, 15% were sold at asking, and 48% were sold over asking.
Days on Market for Swift Creek Township, NC
How long does it take to sell a home in Swift Creek Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 24 Days | -64.9% |
Summary: Homes in Swift Creek Township had an average of 24 days on market in May 2024, down by 64.9% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swift Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 52 homes were sold in Swift Creek Township; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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