Is Spring Hope, 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, Spring Hope has remained a Seller's Market.
Housing Prices in Spring Hope, NC
How much do homes in Spring Hope, NC cost?
Median Sold Price
$296,750
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Spring Hope was $296,750 in May 2024, down 1.1% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $115K | -28.1% |
3 Bedrooms | $322.2K | $287K | -10.9% |
4 Bedrooms | $294.3K | $302.4K | +2.8% |
5+ Bedrooms | $320.4K | $389.9K | +21.7% |
Summary: Spring Hope 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 decreased by 28.1%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
Mannings Township | $215K | $270K | +25.6% |
Spring Hope | $299.9K | $296.7K | -1.1% |
Housing Supply in Spring Hope, NC
How many homes are available in Spring Hope, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 35 | -2.8% |
Summary: The Spring Hope real estate market had 35 homes for sale in May 2024, a 2.8% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spring Hope 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 decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Spring Hope in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 88% were sold at asking, and 0% were sold over asking.
Days on Market for Spring Hope, NC
How long does it take to sell a home in Spring Hope, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
78 Days | 14 Days | -81.3% |
Summary: Homes in Spring Hope had an average of 14 days on market in May 2024, down by 81.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Spring Hope; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.