Is Fentress 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, Fentress Township has remained a Seller's Market.
Key Takeaway
Fentress Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fentress Township, NC
How much do homes in Fentress Township, NC cost?
Median Sold Price
$340,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fentress Township have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Fentress Township was $340,000 in May 2024, up 10.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199K | $168K | -15.6% |
| 3 Bedrooms | $275K | $310K | +12.7% |
| 4 Bedrooms | $380K | $395K | +3.9% |
| 5+ Bedrooms | $440.5K | $600K | +36.2% |
Summary: Fentress 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 15.6%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 36.2%.
Median Sold Price Compared To Nearby Cities
| Fentress Township | $307.5K | $340K | +10.6% |
| Sumner Township | $278.1K | $303.5K | +9.1% |
| Pleasant Garden | $305K | $320K | +4.9% |
| Gilmer Township | $205.2K | $214.9K | +4.8% |
| Clay Township | $338.5K | $340K | 0.4% |
Housing Supply in Fentress Township, NC
How many homes are available in Fentress Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Summary: The Fentress 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Fentress 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 12.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 13 | +116.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fentress Township, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Fentress Township in May 2024, up by 116.7% month-over-month. Of the 13 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% were sold over asking.
Days on Market for Fentress Township, NC
How long does it take to sell a home in Fentress Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +51.3% |
Summary: Homes in Fentress Township had an average of 26 days on market in May 2024, up by 51.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fentress Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Fentress Township; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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