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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wentworth Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Wentworth Township, NC

How much do homes in Wentworth Township, NC cost?

Median Sold Price

$270,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$36,000(+15.4%)

Key Takeaway

Homes in Wentworth Township have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in Wentworth Township was $270,000 in May 2024, up 15.4% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$228.4K
N/A
2 $177.5K$197K
+11.0%
3 $240K$275K
+14.6%
4 $249.9K$319K
+27.7%
5+ -$372.4K
N/A

Summary: Wentworth 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 increased by 11%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wentworth
+36.4%
Wentworth Township
+15.4%
Reidsville
+9.3%
Reidsville Township
+9.3%
Simpsonville Township
+1.8%

Housing Supply in Wentworth Township, NC

How many homes are available in Wentworth Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2524-4.0%

Summary: The Wentworth Township real estate market had 24 homes for sale in May 2024, a 4.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 97
-22.2%
3 1312
-7.7%
4 23
+50.0%
5+ 12
+100.0%

Summary: The Wentworth 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 22.2%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wentworth Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Wentworth Township in May 2024, up by 83.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for Wentworth Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
97 Days44 Days-54.4%

Summary: Homes in Wentworth Township had an average of 44 days on market in May 2024, down by 54.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 11 homes were sold in Wentworth Township; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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 Wentworth Township, NC

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