Is Town Creek Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Town Creek Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Town Creek Township, NC

How much do homes in Town Creek Township, NC cost?

Median Sold Price

$385,707

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,707(+7.1%)

Key Takeaway

Homes in Town Creek Township have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Town Creek Township was $385,707 in May 2024, up 7.1% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $297.2K$267.5K
-10.0%
3 $340.6K$362K
+6.3%
4 $424K$447.4K
+5.5%
5+ $507.5K$495K
-2.5%

Summary: Town 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 decreased by 10%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Cities

Bolivia
+14.3%
Leland
+8.7%
Town Creek Township
+7.1%
Boiling Spring Lakes
+3.3%
Winnabow
-1.5%

Housing Supply in Town Creek Township, NC

How many homes are available in Town Creek Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
404423+4.7%

Summary: The Town Creek Township real estate market had 423 homes for sale in May 2024, a 4.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1822
+22.2%
3 253254
0.4%
4 122131
+7.4%
5+ 1116
+45.5%

Summary: The Town 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 22.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 45.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
78101+29.5%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

45 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Town Creek Township, expect to pay close to the asking price. 44.6% of homes here sold near the asking price last month.

Summary: A total of 101 homes were sold or pending in Town Creek Township in May 2024, up by 29.5% month-over-month. Of the 101 sold homes, 41% were sold under asking, 45% were sold at asking, and 15% were sold over asking.

Days on Market for Town Creek Township, NC

How long does it take to sell a home in Town Creek Township, NC?

Average Sale Time

May 2023May 2024CHANGE
39 Days65 Days+64.1%

Summary: Homes in Town Creek Township had an average of 65 days on market in May 2024, up by 64.1% compared to last year.

Breakdown of Home Sale Times

53 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 101 homes were sold in Town Creek Township; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 20% 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 Town Creek Township, NC

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