Is South Point 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, South Point Township has remained a Seller's Market.
Key Takeaway
South Point Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Point Township, NC
How much do homes in South Point Township, NC cost?
Median Sold Price
$375,222
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in South Point Township has remained the same since last year.
Summary: The median home sold price in South Point Township was $375,222 in May 2024, up 0.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $107.5K | -44.2% |
| 2 Bedrooms | $245K | $259K | +5.7% |
| 3 Bedrooms | $337.3K | $358K | +6.1% |
| 4 Bedrooms | $475K | $510K | +7.4% |
| 5+ Bedrooms | $542.9K | $700K | +28.9% |
Summary: South Point Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 28.9%.
Housing Supply in South Point Township, NC
How many homes are available in South Point Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 277 | 316 | +14.1% |
Summary: The South Point Township real estate market had 316 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 36 | 36 | 0.0% |
| 3 Bedrooms | 139 | 162 | +16.5% |
| 4 Bedrooms | 65 | 75 | +15.4% |
| 5+ Bedrooms | 36 | 40 | +11.1% |
Summary: The South Point Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 66 | -13.2% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Point Township, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in South Point Township in May 2024, down by 13.2% month-over-month. Of the 66 sold homes, 48% were sold under asking, 27% were sold at asking, and 24% were sold over asking.
Days on Market for South Point Township, NC
How long does it take to sell a home in South Point Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 22 Days | -32.8% |
Summary: Homes in South Point Township had an average of 22 days on market in May 2024, down by 32.8% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Point Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 66 homes were sold in South Point Township; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.