Is Jacobs Fork 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, Jacobs Fork Township has remained a Seller's Market.
Key Takeaway
Jacobs Fork Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jacobs Fork Township, NC
How much do homes in Jacobs Fork Township, NC cost?
Median Sold Price
$295,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jacobs Fork Township have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Jacobs Fork Township was $295,000 in May 2024, up 15.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $222.5K | $130K | -41.6% |
| 3 Bedrooms | $264K | $310K | +17.4% |
| 4 Bedrooms | $299K | $215K | -28.1% |
| 5+ Bedrooms | - | $310K | N/A |
Summary: Jacobs Fork 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 41.6%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 28.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jacobs Fork Township | $256K | $295K | +15.2% |
| Hickory Township | $250K | $288K | +15.2% |
| Newton | $244.9K | $259.4K | +5.9% |
| Newton Township | $244.9K | $254.2K | +3.8% |
| Maiden | $269.9K | $255K | -5.5% |
Housing Supply in Jacobs Fork Township, NC
How many homes are available in Jacobs Fork Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Jacobs Fork Township real estate market had 8 homes for sale in May 2024, a 20.0% 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 | 1 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jacobs Fork 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 decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jacobs Fork Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Jacobs Fork Township in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Jacobs Fork Township, NC
How long does it take to sell a home in Jacobs Fork Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 33 Days | +221.4% |
Summary: Homes in Jacobs Fork Township had an average of 33 days on market in May 2024, up by 221.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jacobs Fork Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Jacobs Fork Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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