Is Barringer 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, Barringer Township has remained a Seller's Market.
Key Takeaway
Barringer Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Barringer Township, NC
How much do homes in Barringer Township, NC cost?
Median Sold Price
$359,325
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Barringer Township have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Barringer Township was $359,325 in May 2024, down 0.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $227.5K | N/A |
| 2 Bedrooms | $120K | $255K | +112.5% |
| 3 Bedrooms | $326K | $351K | +7.7% |
| 4 Bedrooms | $397.5K | $374.9K | -5.7% |
| 5+ Bedrooms | $505.2K | $402.5K | -20.3% |
Summary: Barringer 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 112.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 20.3%.
Median Sold Price Compared To Nearby Cities
| Mooresville | $434.2K | $490.2K | +12.9% |
| Barringer Township | $361.4K | $359.3K | -0.6% |
| Troutman | $402.5K | $383K | -4.8% |
Housing Supply in Barringer Township, NC
How many homes are available in Barringer Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 56 | +7.7% |
Summary: The Barringer Township real estate market had 56 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Barringer 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 100%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Barringer Township, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Barringer Township in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Barringer Township, NC
How long does it take to sell a home in Barringer Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 72 Days | +127.2% |
Summary: Homes in Barringer Township had an average of 72 days on market in May 2024, up by 127.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Barringer Township has remained consistent over time.
Summary: During May 2024, 10 homes were sold in Barringer Township; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.