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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coddle Creek Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Coddle Creek Township, NC

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

Median Sold Price

$435,049

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$22,407(+5.4%)

Key Takeaway

Homes in Coddle Creek Township have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Coddle Creek Township was $435,049 in May 2024, up 5.4% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $145K$151K
+4.1%
2 $231K$235K
+1.7%
3 $360K$355K
-1.4%
4 $434.8K$470K
+8.1%
5+ $523.1K$520.1K
-0.6%

Summary: Coddle Creek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Cities

Atwell Township
+13.3%
Mooresville
+12.9%
Coddle Creek Township
+5.4%
Davidson Township
-0.3%
Barringer Township
-0.6%

Housing Supply in Coddle Creek Township, NC

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

Number of Homes For Sale

Apr 2024May 2024CHANGE
216238+10.2%

Summary: The Coddle Creek Township real estate market had 238 homes for sale in May 2024, a 10.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1420
+42.9%
3 88104
+18.2%
4 8076
-5.0%
5+ 3438
+11.8%

Summary: The Coddle 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 42.9%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 11.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4264+52.4%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coddle Creek Township, you may be able to get a good deal. 57.8% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Coddle Creek Township in May 2024, up by 52.4% month-over-month. Of the 64 sold homes, 58% were sold under asking, 22% were sold at asking, and 20% were sold over asking.

Days on Market for Coddle Creek Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
42 Days49 Days+15.9%

Summary: Homes in Coddle Creek Township had an average of 49 days on market in May 2024, up by 15.9% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 64 homes were sold in Coddle Creek Township; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% 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 Coddle Creek Township, NC

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