Is Triangle 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, Triangle Township has remained a Seller's Market.
Housing Prices in Triangle Township, NC
How much do homes in Triangle Township, NC cost?
Median Sold Price
$440,030
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Triangle Township was $440,030 in May 2024, up 4.8% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227K | $237.5K | +4.6% |
2 Bedrooms | $300.1K | $310K | +3.3% |
3 Bedrooms | $400.8K | $420K | +4.8% |
4 Bedrooms | $550K | $550K | 0.0% |
5+ Bedrooms | $780K | $783.7K | 0.5% |
Summary: Triangle Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
Chapel Hill Township | $607.5K | $641.5K | +5.6% |
Triangle Township | $419.8K | $440K | +4.8% |
Chapel Hill | $625.1K | $650.1K | +4.0% |
Durham | $403.5K | $415.6K | +3.0% |
Durham Township | $401.6K | $412.1K | +2.6% |
Housing Supply in Triangle Township, NC
How many homes are available in Triangle Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
375 | 409 | +9.1% |
Summary: The Triangle Township real estate market had 409 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 4 | -50.0% |
2 Bedrooms | 50 | 55 | +10.0% |
3 Bedrooms | 195 | 214 | +9.7% |
4 Bedrooms | 87 | 96 | +10.3% |
5+ Bedrooms | 35 | 40 | +14.3% |
Summary: The Triangle Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
120 | 129 | +7.5% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Summary: A total of 129 homes were sold or pending in Triangle Township in May 2024, up by 7.5% month-over-month. Of the 129 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for Triangle Township, NC
How long does it take to sell a home in Triangle Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 10 Days | -80.7% |
Summary: Homes in Triangle Township had an average of 10 days on market in May 2024, down by 80.7% compared to last year.
Breakdown of Home Sale Times
116 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 129 homes were sold in Triangle Township; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.