Is New Light 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, New Light Township has remained a Seller's Market.
Housing Prices in New Light Township, NC
How much do homes in New Light Township, NC cost?
Median Sold Price
$948,940
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Light Township was $948,940 in May 2024, up 11.6% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | - | N/A |
2 Bedrooms | $369.9K | $260K | -29.7% |
3 Bedrooms | $552.5K | $595K | +7.7% |
4 Bedrooms | $892.5K | $965K | +8.1% |
5+ Bedrooms | $1.0M | $1.0M | -0.8% |
Summary: New Light 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 29.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
New Light Township | $850K | $948.9K | +11.6% |
Bartons Creek Township | $865K | $925.5K | +7.0% |
Carr Township | $482K | $514K | +6.6% |
Wake Forest Township | $490.4K | $513.1K | +4.6% |
Dutchville Township | $304K | $310K | +2.0% |
Housing Supply in New Light Township, NC
How many homes are available in New Light Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 96 | +1.1% |
Summary: The New Light Township real estate market had 96 homes for sale in May 2024, a 1.1% increase 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 | 0 | 1 | +100.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 61 | 60 | -1.6% |
5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The New Light 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 increased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in New Light Township in May 2024, up by 6.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for New Light Township, NC
How long does it take to sell a home in New Light Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
166 Days | 22 Days | -86.5% |
Summary: Homes in New Light Township had an average of 22 days on market in May 2024, down by 86.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in New Light Township; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.