$225,000
0.85 Acres
Land
Lucia Turlington, Listing Office: Turlington Real Estate Group
Is Banner Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Banner Township was a Seller's Market.
Key Takeaway
Banner Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Banner Township, NC
How much do homes in Banner Township, NC cost?
Median Sold Price
$314,998
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,002(-3.4%)
Key Takeaway
Homes in Banner Township have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Banner Township was $314,998 in October 2024, down 3.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $204.7K | $195K | -4.8% |
| 3 Bedrooms | $317.5K | $307.5K | -3.1% |
| 4 Bedrooms | $368.5K | $377.4K | +2.4% |
| 5+ Bedrooms | $400K | $510K | +27.5% |
Summary: Banner Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Cities
| Elevation Township | $335K | $365K | +9.0% |
| Grove Township | $270K | $285K | +5.6% |
| Benson | $345.9K | $349.9K | +1.1% |
| Averasboro Township | $230K | $232K | +0.9% |
| Banner Township | $326K | $314.9K | -3.4% |
Housing Supply in Banner Township, NC
How many homes are available in Banner Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 43 | -4.4% |
Summary: The Banner Township real estate market had 43 homes for sale in October 2024, a 4.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Banner Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Banner Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Banner Township in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Banner Township, NC
How long does it take to sell a home in Banner Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 33 Days | -41.8% |
Summary: Homes in Banner Township had an average of 33 days on market in Oct 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Banner Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Banner Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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