Is Catawba Springs Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Catawba Springs Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Catawba Springs Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Catawba Springs Township, NC

How much do homes in Catawba Springs Township, NC cost?

Median Sold Price

$495,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$203(0%)

Key Takeaway

The sold price of homes in Catawba Springs Township has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $280K$217.5K
-22.3%
2 $426.2K$430K
+0.9%
3 $423.7K$417.8K
-1.4%
4 $588K$629.9K
+7.1%
5+ $750K$722.7K
-3.6%

Summary: Catawba Springs Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 3.6%.

Median Sold Price Compared To Nearby Cities

Sherrills Ford
+0.9%
Catawba Springs Township
0%
Denver
-2.1%
Iron Station
-2.2%

Housing Supply in Catawba Springs Township, NC

How many homes are available in Catawba Springs Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
259283+9.3%

Summary: The Catawba Springs Township real estate market had 283 homes for sale in May 2024, a 9.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2328
+21.7%
3 9394
+1.1%
4 108117
+8.3%
5+ 3544
+25.7%

Summary: The Catawba Springs 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 21.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 25.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5356+5.7%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Catawba Springs Township, you may be able to get a good deal. 58.9% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in Catawba Springs Township in May 2024, up by 5.7% month-over-month. Of the 56 sold homes, 59% were sold under asking, 20% were sold at asking, and 21% were sold over asking.

Days on Market for Catawba Springs Township, NC

How long does it take to sell a home in Catawba Springs Township, NC?

Average Sale Time

May 2023May 2024CHANGE
38 Days35 Days-8.5%

Summary: Homes in Catawba Springs Township had an average of 35 days on market in May 2024, down by 8.5% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 56 homes were sold in Catawba Springs Township; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 13% 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 8 Days Ago

Newest Listings in Catawba Springs Township, NC

Nearby Markets to Catawba Springs Township, NC

What housing markets are near Catawba Springs Township, NC?