$7,113 Closing Credit*
$599,000
3,541 SqFt
3 Beds
•3 Full Baths, 1 Partial
Jenna H McKenzie, Listing Office: McKenzie Real Esate of NC LLC
Is Back Creek Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Back Creek Township was a Seller's Market.
Key Takeaway
Back Creek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Back Creek Township, NC
How much do homes in Back Creek Township, NC cost?
Median Sold Price
$474,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$158,971(+50.4%)
Key Takeaway
Homes in Back Creek Township have sold for 50.4% more than they did a year ago.
Summary: The median home sold price in Back Creek Township was $474,500 in November 2024, up 50.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | $262.9K | $167.5K | -36.3% |
| 3 Bedrooms | $307.7K | $405K | +31.6% |
| 4 Bedrooms | $491.5K | $575K | +17.0% |
| 5+ Bedrooms | - | $640K | N/A |
Summary: Back Creek Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.3%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 17%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Back Creek Township | $315.5K | $474.5K | +50.4% |
| Randleman | $251.5K | $267K | +6.2% |
| Randleman Township | $255.7K | $266K | +4.0% |
| Asheboro Township | $245K | $250K | +2.0% |
| Sophia | $290K | $250K | -13.8% |
Housing Supply in Back Creek Township, NC
How many homes are available in Back Creek Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The Back Creek Township real estate market had 24 homes for sale in November 2024, a 20.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Back Creek Township housing inventory by bedroom type for November 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 7.1%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 3 homes were sold or pending in Back Creek Township in November 2024, up by 200.0% month-over-month. Of the 3 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 35 Days | +311.8% |
Summary: Homes in Back Creek Township had an average of 35 days on market in Nov 2024, up by 311.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Back Creek Township has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Back Creek Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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