Is Island Creek Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Island Creek Township was a Seller's Market.
Key Takeaway
Island Creek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Island Creek Township, NC
How much do homes in Island Creek Township, NC cost?
Median Sold Price
$252,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Island Creek Township have sold for 26.1% more than they did a year ago.
Summary: The median home sold price in Island Creek Township was $252,000 in May 2024, up 26.1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $123.5K | $132.5K | +7.3% |
| 3 Bedrooms | $184K | $250K | +35.9% |
| 4 Bedrooms | $605.9K | $619K | +2.1% |
| 5+ Bedrooms | $306.1K | $700K | +128.6% |
Summary: Island Creek 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 7.3%, 3 bedroom homes increased by 35.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 128.6%.
Median Sold Price Compared To Nearby Cities
| Island Creek Township | $199.9K | $252K | +26.1% |
| Wallace | $215K | $264K | +22.8% |
| Rose Hill Township | $189.9K | $163K | -14.2% |
Housing Supply in Island Creek Township, NC
How many homes are available in Island Creek Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 70 | +11.1% |
Summary: The Island Creek Township real estate market had 70 homes for sale in May 2024, a 11.1% increase 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 | 1 | 0.0% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 26 | 31 | +19.2% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Island 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Island Creek Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Island Creek Township in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Island Creek Township, NC
How long does it take to sell a home in Island Creek Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 66 Days | 56 Days | -14.5% |
Summary: Homes in Island Creek Township had an average of 56 days on market in May 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Island Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Island Creek Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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