Is Bruce 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, Bruce Township has remained a Seller's Market.
Housing Prices in Bruce Township, NC
How much do homes in Bruce Township, NC cost?
Median Sold Price
$580,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bruce Township was $580,000 in May 2024, up 3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $180K | N/A |
2 Bedrooms | $365K | $244.9K | -32.9% |
3 Bedrooms | $450K | $434.5K | -3.4% |
4 Bedrooms | $649.2K | $776.5K | +19.6% |
5+ Bedrooms | $712.5K | $825K | +15.8% |
Summary: Bruce 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 32.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
Morehead Township | $270.6K | $294.7K | +8.9% |
Stokesdale | $440K | $460K | +4.5% |
Bruce Township | $563K | $580K | +3.0% |
Center Grove Township | $625K | $635K | +1.6% |
Summerfield | $577.5K | $585K | +1.3% |
Housing Supply in Bruce Township, NC
How many homes are available in Bruce Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 61 | -1.6% |
Summary: The Bruce Township real estate market had 61 homes for sale in May 2024, a 1.6% 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 | 22 | 20 | -9.1% |
4 Bedrooms | 36 | 38 | +5.6% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bruce 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 9.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Bruce Township in May 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for Bruce Township, NC
How long does it take to sell a home in Bruce Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 23 Days | +108.1% |
Summary: Homes in Bruce Township had an average of 23 days on market in May 2024, up by 108.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Bruce Township; 87% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.