Is North Cove 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, North Cove Township was a Seller's Market.
Key Takeaway
North Cove Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Cove Township, NC
How much do homes in North Cove Township, NC cost?
Median Sold Price
$452,500
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Cove Township have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in North Cove Township was $452,500 in May 2024, up 8.4% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $165K | +3.1% |
| 2 Bedrooms | $312.5K | $326K | +4.3% |
| 3 Bedrooms | $444.5K | $516.1K | +16.1% |
| 4 Bedrooms | - | $600K | N/A |
| 5+ Bedrooms | $585K | $225K | -61.5% |
Summary: North Cove Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 61.5%.
Median Sold Price Compared To Nearby Cities
| North Cove Township | $417.5K | $452.5K | +8.4% |
| Grassy Creek Township | $252K | $270K | +7.1% |
Housing Supply in North Cove Township, NC
How many homes are available in North Cove Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The North Cove Township real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Cove 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Cove Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in North Cove Township in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for North Cove Township, NC
How long does it take to sell a home in North Cove Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 328 Days | +1659.8% |
Summary: Homes in North Cove Township had an average of 328 days on market in May 2024, up by 1659.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Cove Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in North Cove Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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