Is Falkland Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Falkland Township was a Buyer's Market.
Key Takeaway
Falkland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Falkland Township, NC
How much do homes in Falkland Township, NC cost?
Median Sold Price
$435,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Falkland Township have sold for 12.8% less than they did a year ago.
Summary: The median home sold price in Falkland Township was $435,000 in May 2024, down 12.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $94.5K | -68.0% |
| 3 Bedrooms | $375K | $263K | -29.9% |
| 4 Bedrooms | $560K | $635K | +13.4% |
| 5+ Bedrooms | $575K | $325.9K | -43.3% |
Summary: Falkland 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 68%, 3 bedroom homes decreased by 29.9%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 43.3%.
Median Sold Price Compared To Nearby Cities
| Arthur Township | $225K | $240K | +6.7% |
| Belvoir Township | $230K | $219K | -4.8% |
| Falkland Township | $499K | $435K | -12.8% |
Housing Supply in Falkland Township, NC
How many homes are available in Falkland Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Summary: The Falkland Township real estate market had 34 homes for sale in May 2024, a 21.4% 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 | 0 | 0.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Falkland 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 remained the same, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Falkland Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Falkland Township in May 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Falkland Township, NC
How long does it take to sell a home in Falkland Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 145 Days | +3125.4% |
Summary: Homes in Falkland Township had an average of 145 days on market in May 2024, up by 3125.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Falkland Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 7 homes were sold in Falkland Township; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 86% of homes were sold over 90 days.
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