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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Traphill Township is a neutral's market

Buyer's
Market

Difference Since May 2023

Since last year, Traphill Township has remained a Neutral Market.

Key Takeaway

Traphill Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Traphill Township, NC

How much do homes in Traphill Township, NC cost?

Median Sold Price

$245,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$115,000(-31.9%)

Key Takeaway

Homes in Traphill Township have sold for 31.9% less than they did a year ago.

Summary: The median home sold price in Traphill Township was $245,000 in May 2024, down 31.9% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $239K$101.5K
-57.5%
2 $353.9K$207.5K
-41.4%
3 $365K$390K
+6.8%
4 $355K$293.5K
-17.3%
5+ $365K-
N/A

Summary: Traphill Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.5%, 2 bedroom homes decreased by 41.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Edwards Township
+8.8%
Traphill
-9.6%
Traphill Township
-31.9%

Housing Supply in Traphill Township, NC

How many homes are available in Traphill Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1612-25.0%

Summary: The Traphill Township real estate market had 12 homes for sale in May 2024, a 25.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 33
0.0%
3 107
-30.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Traphill Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Traphill Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Traphill Township in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Traphill Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
2 Days79 Days+3850.0%

Summary: Homes in Traphill Township had an average of 79 days on market in May 2024, up by 3850% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Traphill Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 9 Days Ago

Newest Listings in Traphill Township, NC

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What housing markets are near Traphill Township, NC?