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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shiloh Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Shiloh Township, NC

How much do homes in Shiloh Township, NC cost?

Median Sold Price

$290,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,850(+3.9%)

Key Takeaway

Homes in Shiloh Township have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Shiloh Township was $290,000 in May 2024, up 3.9% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$145K
N/A
2 $187K$290K
+55.1%
3 $278K$275K
-1.1%
4 $397.4K$345K
-13.2%
5+ $580K-
N/A

Summary: Shiloh 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 55.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Concord Township
+9.7%
Catawba Township
+6.8%
Shiloh Township
+3.9%
Stony Point
-7.7%

Housing Supply in Shiloh Township, NC

How many homes are available in Shiloh Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4344+2.3%

Summary: The Shiloh Township real estate market had 44 homes for sale in May 2024, a 2.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 47
+75.0%
3 3031
+3.3%
4 86
-25.0%
5+ 00
0.0%

Summary: The Shiloh 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 increased by 75%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

5 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 Shiloh Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Shiloh Township in May 2024, down by 9.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.

Days on Market for Shiloh Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
33 Days65 Days+95.6%

Summary: Homes in Shiloh Township had an average of 65 days on market in May 2024, up by 95.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Shiloh Township has remained consistent over time.

Summary: During May 2024, 10 homes were sold in Shiloh Township; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% 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 Shiloh Township, NC

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