Is Reems 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
Since last year, Reems Creek Township has remained a Seller's Market.
Key Takeaway
Reems Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reems Creek Township, NC
How much do homes in Reems Creek Township, NC cost?
Median Sold Price
$574,375
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Reems Creek Township have sold for 23% more than they did a year ago.
Summary: The median home sold price in Reems Creek Township was $574,375 in May 2024, up 23% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.9K | - | N/A |
| 2 Bedrooms | $356.7K | $386.1K | +8.2% |
| 3 Bedrooms | $450K | $570K | +26.7% |
| 4 Bedrooms | $595K | $744K | +25.0% |
| 5+ Bedrooms | $793.5K | $894.5K | +12.7% |
Summary: Reems 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 8.2%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Reems Creek Township | $466.8K | $574.3K | +23.0% |
| Weaverville | $462.8K | $537K | +16.0% |
| Woodfin | $409.4K | $445.8K | +8.9% |
| French Broad Township | $414.9K | $450K | +8.5% |
| Flat Creek Township | $440K | $475K | +8.0% |
Housing Supply in Reems Creek Township, NC
How many homes are available in Reems Creek Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 83 | 76 | -8.4% |
Summary: The Reems Creek Township real estate market had 76 homes for sale in May 2024, a 8.4% 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 | 14 | 15 | +7.1% |
| 3 Bedrooms | 51 | 40 | -21.6% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Reems 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 increased by 7.1%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reems Creek Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Reems Creek Township in May 2024, up by 14.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Reems Creek Township, NC
How long does it take to sell a home in Reems Creek Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 19 Days | -40.0% |
Summary: Homes in Reems Creek Township had an average of 19 days on market in May 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Reems Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Reems Creek Township; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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