Is Furr 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, Furr Township has remained a Seller's Market.
Housing Prices in Furr Township, NC
How much do homes in Furr Township, NC cost?
Median Sold Price
$385,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Furr Township was $385,000 in May 2024, up 5.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $73K | -45.9% |
2 Bedrooms | $260K | $258.2K | -0.7% |
3 Bedrooms | $358K | $367K | +2.5% |
4 Bedrooms | $401.5K | $405.1K | +0.9% |
5+ Bedrooms | $512K | $407K | -20.5% |
Summary: Furr Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.9%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 20.5%.
Median Sold Price Compared To Nearby Cities
Furr Township | $365K | $385K | +5.5% |
Locust | $378.5K | $398K | +5.2% |
Oakboro | $337K | $335.5K | -0.4% |
Stanfield | $394K | $387K | -1.8% |
Housing Supply in Furr Township, NC
How many homes are available in Furr Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 77 | 0.0% |
Summary: The Furr Township real estate market had 77 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 38 | 36 | -5.3% |
4 Bedrooms | 27 | 29 | +7.4% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Furr 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 decreased by 33.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Furr Township in May 2024, up by 22.2% month-over-month. Of the 22 sold homes, 32% were sold under asking, 27% were sold at asking, and 41% were sold over asking.
Days on Market for Furr Township, NC
How long does it take to sell a home in Furr Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 31 Days | -41.5% |
Summary: Homes in Furr Township had an average of 31 days on market in May 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Furr Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.