Is Traphill 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, Traphill Township has remained a Neutral Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239K | $101.5K | -57.5% |
2 Bedrooms | $353.9K | $207.5K | -41.4% |
3 Bedrooms | $365K | $390K | +6.8% |
4 Bedrooms | $355K | $293.5K | -17.3% |
5+ Bedrooms | $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 | $170K | $185K | +8.8% |
Traphill | $365K | $330K | -9.6% |
Traphill Township | $360K | $245K | -31.9% |
Housing Supply in Traphill Township, NC
How many homes are available in Traphill Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 12 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 10 | 7 | -30.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | May 2024 | CHANGE |
---|---|---|
4 | 2 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 79 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
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.