Is Abbotts Creek 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, Abbotts Creek Township has remained a Seller's Market.
Housing Prices in Abbotts Creek Township, NC
How much do homes in Abbotts Creek Township, NC cost?
Median Sold Price
$359,950
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Abbotts Creek Township was $359,950 in May 2024, up 2.9% 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 | $135K | - | N/A |
2 Bedrooms | $285.3K | $267K | -6.4% |
3 Bedrooms | $307K | $330K | +7.5% |
4 Bedrooms | $389.9K | $399.9K | +2.6% |
5+ Bedrooms | $475K | $456K | -4.0% |
Summary: Abbotts 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 decreased by 6.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Kernersville | $324.6K | $339.7K | +4.6% |
Kernersville Township | $324.7K | $339.3K | +4.5% |
Abbotts Creek Township | $349.8K | $359.9K | +2.9% |
Colfax | $426.8K | $410K | -4.0% |
Deep River Township | $399.9K | $383.5K | -4.1% |
Housing Supply in Abbotts Creek Township, NC
How many homes are available in Abbotts Creek Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
117 | 112 | -4.3% |
Summary: The Abbotts Creek Township real estate market had 112 homes for sale in May 2024, a 4.3% 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 | 10 | 8 | -20.0% |
3 Bedrooms | 66 | 74 | +12.1% |
4 Bedrooms | 34 | 24 | -29.4% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Abbotts 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 decreased by 20%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 31 | -18.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Abbotts Creek Township in May 2024, down by 18.4% month-over-month. Of the 31 sold homes, 35% were sold under asking, 48% were sold at asking, and 16% were sold over asking.
Days on Market for Abbotts Creek Township, NC
How long does it take to sell a home in Abbotts Creek Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 32 Days | -22.1% |
Summary: Homes in Abbotts Creek Township had an average of 32 days on market in May 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Abbotts Creek Township; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.