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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Back Creek Township is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Back Creek Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Back Creek Township, NC

How much do homes in Back Creek Township, NC cost?

Median Sold Price

$335,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,000(+4.7%)

Key Takeaway

Homes in Back Creek Township have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Back Creek Township was $335,000 in May 2024, up 4.7% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$270K
N/A
2 $237.5K$262.9K
+10.7%
3 $300K$317K
+5.7%
4 $525K$629K
+19.8%
5+ $1.7M-
N/A

Summary: Back 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 increased by 10.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Back Creek Township
+4.7%
Asheboro Township
+4.3%
Randleman
+1.2%
Randleman Township
+1.0%

Housing Supply in Back Creek Township, NC

How many homes are available in Back Creek Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
58+60.0%

Summary: The Back Creek Township real estate market had 8 homes for sale in May 2024, a 60.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 23
+50.0%
4 12
+100.0%
5+ 22
0.0%

Summary: The Back 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 increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Back Creek Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Back Creek Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Back Creek Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
7 Days3 Days-57.1%

Summary: Homes in Back Creek Township had an average of 3 days on market in May 2024, down by 57.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Back Creek Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Back Creek Township, NC

Nearby Markets to Back Creek Township, NC

What housing markets are near Back Creek Township, NC?