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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cool Springs Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Cool Springs Township was a Seller's Market.

Key Takeaway

Cool Springs Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cool Springs Township, NC

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

Median Sold Price

$335,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$16,000(+5.0%)

Key Takeaway

Homes in Cool Springs Township have sold for 5% more than they did a year ago.

Summary: The median home sold price in Cool Springs Township was $335,000 in May 2024, up 5% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $270K$120K
-55.6%
3 $262K$337K
+28.6%
4 $410K$630K
+53.7%
5+ $485.7K-
N/A

Summary: Cool Springs 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 decreased by 55.6%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 53.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Turnersburg Township
+17.9%
Bethany Township
+7.0%
Cool Springs Township
+5.0%
Olin Township
-11.9%

Housing Supply in Cool Springs Township, NC

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

Number of Homes For Sale

Apr 2024May 2024CHANGE
109-10.0%

Summary: The Cool Springs Township real estate market had 9 homes for sale in May 2024, a 10.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 99
0.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Cool 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cool Springs Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Cool Springs Township in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Cool Springs Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
29 Days2 Days-93.1%

Summary: Homes in Cool Springs Township had an average of 2 days on market in May 2024, down by 93.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Cool Springs Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Cool Springs Township, NC

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