Is Cedar Creek 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, Cedar Creek Township has remained a Seller's Market.
Key Takeaway
Cedar Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Creek Township, NC
How much do homes in Cedar Creek Township, NC cost?
Median Sold Price
$278,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cedar Creek Township have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Cedar Creek Township was $278,500 in May 2024, up 4.7% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $145.5K | $86.4K | -40.6% |
| 3 Bedrooms | $235.5K | $240K | +1.9% |
| 4 Bedrooms | $299.9K | $307.4K | +2.5% |
| 5+ Bedrooms | $385K | $395K | +2.6% |
Summary: Cedar Creek 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 40.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Autryville | $256.9K | $276.9K | +7.8% |
| Cedar Creek Township | $266K | $278.5K | +4.7% |
| Stedman | $282K | $295K | +4.6% |
| Eastover Township | $325K | $308K | -5.2% |
Housing Supply in Cedar Creek Township, NC
How many homes are available in Cedar Creek Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 45 | -15.1% |
Summary: The Cedar Creek Township real estate market had 45 homes for sale in May 2024, a 15.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 21 | 15 | -28.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Cedar Creek 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 50%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Creek Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Cedar Creek Township in May 2024, down by 9.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 60% were sold at asking, and 30% were sold over asking.
Days on Market for Cedar Creek Township, NC
How long does it take to sell a home in Cedar Creek Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 88 Days | 12 Days | -86.5% |
Summary: Homes in Cedar Creek Township had an average of 12 days on market in May 2024, down by 86.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Cedar Creek Township; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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