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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pigeon Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Pigeon Township, NC

How much do homes in Pigeon Township, NC cost?

Median Sold Price

$342,500

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,500(+2.2%)

Key Takeaway

Homes in Pigeon Township have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Pigeon Township was $342,500 in May 2024, up 2.2% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$263.7K
N/A
2 $244K$220K
-9.8%
3 $349K$370K
+6.0%
4 $432.5K$967K
+123.6%
5+ --
N/A

Summary: Pigeon 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 9.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 123.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Clyde Township
+23.0%
Waynesville Township
+14.6%
Beaverdam Township
+11.0%
Pigeon Township
+2.2%

Housing Supply in Pigeon Township, NC

How many homes are available in Pigeon Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2823-17.9%

Summary: The Pigeon Township real estate market had 23 homes for sale in May 2024, a 17.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 86
-25.0%
3 1513
-13.3%
4 22
0.0%
5+ 22
0.0%

Summary: The Pigeon Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
880.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pigeon Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Pigeon Township in May 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Pigeon Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
6 Days48 Days+677.6%

Summary: Homes in Pigeon Township had an average of 48 days on market in May 2024, up by 677.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Pigeon Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Pigeon Township, NC

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What housing markets are near Pigeon Township, NC?