Is Sandy Ridge Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sandy Ridge Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Sandy Ridge Township has remained a Seller's Market.

Key Takeaway

Sandy Ridge Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sandy Ridge Township, NC

How much do homes in Sandy Ridge Township, NC cost?

Median Sold Price

$801,812

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$71,669(+9.8%)

Key Takeaway

Homes in Sandy Ridge Township have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Sandy Ridge Township was $801,812 in May 2024, up 9.8% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$677.8K
N/A
2 $381.6K$460K
+20.5%
3 $433.9K$465K
+7.2%
4 $725K$805K
+11.0%
5+ $890K$923.3K
+3.7%

Summary: Sandy Ridge 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 20.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities

Waxhaw
+21.9%
Marvin
+10.6%
Weddington
+10.0%
Sandy Ridge Township
+9.8%
Wesley Chapel
+8.3%

Housing Supply in Sandy Ridge Township, NC

How many homes are available in Sandy Ridge Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
253296+17.0%

Summary: The Sandy Ridge Township real estate market had 296 homes for sale in May 2024, a 17.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 99
0.0%
3 4542
-6.7%
4 84105
+25.0%
5+ 115140
+21.7%

Summary: The Sandy Ridge 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 6.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 21.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6675+13.6%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sandy Ridge Township, you could pay more than the asking price. 41.3% of homes here sold above asking price last month.

Summary: A total of 75 homes were sold or pending in Sandy Ridge Township in May 2024, up by 13.6% month-over-month. Of the 75 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% were sold over asking.

Days on Market for Sandy Ridge Township, NC

How long does it take to sell a home in Sandy Ridge Township, NC?

Average Sale Time

May 2023May 2024CHANGE
16 Days18 Days+9.1%

Summary: Homes in Sandy Ridge Township had an average of 18 days on market in May 2024, up by 9.1% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sandy Ridge Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 75 homes were sold in Sandy Ridge Township; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Sandy Ridge Township, NC

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