Is Center 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, Center Township has remained a Seller's Market.
Key Takeaway
Center Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Center Township, NC
How much do homes in Center Township, NC cost?
Median Sold Price
$499,995
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Center Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Center Township was $499,995 in May 2024, up 3.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.2K | - | N/A |
| 2 Bedrooms | $314K | $316.5K | +0.8% |
| 3 Bedrooms | $430.7K | $436.3K | +1.3% |
| 4 Bedrooms | $562.5K | $564.6K | 0.4% |
| 5+ Bedrooms | $679.9K | $710K | +4.4% |
Summary: Center 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 0.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Pittsboro | $616.6K | $643.3K | +4.3% |
| Center Township | $484.9K | $499.9K | +3.1% |
| Hickory Mountain Township | $467.5K | $425K | -9.1% |
Housing Supply in Center Township, NC
How many homes are available in Center Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 97 | 88 | -9.3% |
Summary: The Center Township real estate market had 88 homes for sale in May 2024, a 9.3% decrease 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 48 | 42 | -12.5% |
| 4 Bedrooms | 36 | 30 | -16.7% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Center 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 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Center Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Center Township in May 2024, up by 38.5% month-over-month. Of the 18 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Center Township, NC
How long does it take to sell a home in Center Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 257 Days | 40 Days | -84.1% |
Summary: Homes in Center Township had an average of 40 days on market in May 2024, down by 84.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Center Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Center Township; 72% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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