Is Ingrams 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, Ingrams Township has remained a Seller's Market.
Key Takeaway
Ingrams Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ingrams Township, NC
How much do homes in Ingrams Township, NC cost?
Median Sold Price
$330,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ingrams Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Ingrams Township was $330,000 in May 2024, up 11.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $148.7K | -33.9% |
| 3 Bedrooms | $284K | $314.9K | +10.9% |
| 4 Bedrooms | $359.9K | $428.5K | +19.1% |
| 5+ Bedrooms | $375K | $540K | +44.0% |
Summary: Ingrams 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 decreased by 33.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 44%.
Median Sold Price Compared To Nearby Cities
| Ingrams Township | $297.1K | $330K | +11.1% |
| Four Oaks | $314.9K | $339.9K | +7.9% |
| Smithfield Township | $321.7K | $312.2K | -2.9% |
Housing Supply in Ingrams Township, NC
How many homes are available in Ingrams Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The Ingrams Township real estate market had 22 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ingrams 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 decreased by 100%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ingrams Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ingrams Township in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Ingrams Township, NC
How long does it take to sell a home in Ingrams Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 82 Days | 58 Days | -29.0% |
Summary: Homes in Ingrams Township had an average of 58 days on market in May 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ingrams Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Ingrams Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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