Is Holly Springs 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, Holly Springs Township has remained a Seller's Market.
Key Takeaway
Holly Springs Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Holly Springs Township, NC
How much do homes in Holly Springs Township, NC cost?
Median Sold Price
$571,500
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Holly Springs Township have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Holly Springs Township was $571,500 in May 2024, down 0.8% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $236.5K | $417.5K | +76.5% |
| 2 Bedrooms | $327.5K | $375K | +14.5% |
| 3 Bedrooms | $439.8K | $444K | +1.0% |
| 4 Bedrooms | $608.5K | $600.3K | -1.3% |
| 5+ Bedrooms | $738K | $750K | +1.6% |
Summary: Holly Springs Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.5%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Buckhorn Township | $615K | $643.1K | +4.6% |
| Middle Creek Township | $474.9K | $487.9K | +2.7% |
| Apex | $575K | $589K | +2.4% |
| Holly Springs | $584.6K | $588.2K | +0.6% |
| Holly Springs Township | $576.2K | $571.5K | -0.8% |
Housing Supply in Holly Springs Township, NC
How many homes are available in Holly Springs Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 251 | 275 | +9.6% |
Summary: The Holly Springs Township real estate market had 275 homes for sale in May 2024, a 9.6% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 61 | 79 | +29.5% |
| 4 Bedrooms | 119 | 111 | -6.7% |
| 5+ Bedrooms | 66 | 80 | +21.2% |
Summary: The Holly Springs 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 remained the same, 3 bedroom homes increased by 29.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 82 | +26.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holly Springs Township, expect to pay close to the asking price. 36.6% of homes here sold near the asking price last month.
Summary: A total of 82 homes were sold or pending in Holly Springs Township in May 2024, up by 26.2% month-over-month. Of the 82 sold homes, 27% were sold under asking, 37% were sold at asking, and 37% were sold over asking.
Days on Market for Holly Springs Township, NC
How long does it take to sell a home in Holly Springs Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 93 Days | 12 Days | -86.5% |
Summary: Homes in Holly Springs Township had an average of 12 days on market in May 2024, down by 86.5% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Holly Springs Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 82 homes were sold in Holly Springs Township; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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