Is Seventy-First 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, Seventy-First Township has remained a Seller's Market.
Key Takeaway
Seventy-First Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seventy-First Township, NC
How much do homes in Seventy-First Township, NC cost?
Median Sold Price
$214,033
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Seventy-First Township have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Seventy-First Township was $214,033 in May 2024, up 9.8% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $75.5K | +16.2% |
| 2 Bedrooms | $110K | $127K | +15.5% |
| 3 Bedrooms | $184K | $205K | +11.4% |
| 4 Bedrooms | $274.5K | $275K | 0.2% |
| 5+ Bedrooms | $345K | $375.4K | +8.8% |
Summary: Seventy-First Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Manchester Township | $150K | $175.2K | +16.8% |
| Seventy-First Township | $194.9K | $214K | +9.8% |
| Fayetteville | $214.6K | $225K | +4.9% |
| McLauchlin Township | $274K | $280.2K | +2.3% |
Housing Supply in Seventy-First Township, NC
How many homes are available in Seventy-First Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 434 | 419 | -3.5% |
Summary: The Seventy-First Township real estate market had 419 homes for sale in May 2024, a 3.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 47 | 48 | +2.1% |
| 3 Bedrooms | 251 | 229 | -8.8% |
| 4 Bedrooms | 109 | 110 | +0.9% |
| 5+ Bedrooms | 25 | 30 | +20.0% |
Summary: The Seventy-First 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 2.1%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 131 | 128 | -2.3% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seventy-First Township, expect to pay close to the asking price. 39.8% of homes here sold near the asking price last month.
Summary: A total of 128 homes were sold or pending in Seventy-First Township in May 2024, down by 2.3% month-over-month. Of the 128 sold homes, 32% were sold under asking, 40% were sold at asking, and 28% were sold over asking.
Days on Market for Seventy-First Township, NC
How long does it take to sell a home in Seventy-First Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 16 Days | -64.5% |
Summary: Homes in Seventy-First Township had an average of 16 days on market in May 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seventy-First Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 128 homes were sold in Seventy-First Township; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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