$7,541 Closing Credit*
$635,000
3,614 SqFt
3 Beds
•2 Full Baths, 1 Partial
Angie Cole, Destiney Watt, Listing Office: LPT Realty LLC
Is Banner 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, Banner Township was a Buyer's Market.
Key Takeaway
Banner Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Banner Township, NC
How much do homes in Banner Township, NC cost?
Median Sold Price
$314,999
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-3.1%)
Key Takeaway
Homes in Banner Township have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Banner Township was $314,999 in November 2024, down 3.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $204.7K | $195K | -4.8% |
| 3 Bedrooms | $323K | $307.5K | -4.8% |
| 4 Bedrooms | $362.6K | $377.4K | +4.1% |
| 5+ Bedrooms | $400K | $510K | +27.5% |
Summary: Banner 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 4.8%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Cities
| Grove Township | $261.2K | $285K | +9.1% |
| Elevation Township | $340K | $370K | +8.8% |
| Benson | $345.9K | $347.4K | 0.4% |
| Banner Township | $325K | $314.9K | -3.1% |
| Averasboro Township | $235.5K | $225K | -4.5% |
Housing Supply in Banner Township, NC
How many homes are available in Banner Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 45 | +4.7% |
Summary: The Banner Township real estate market had 45 homes for sale in November 2024, a 4.7% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Banner 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 14 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 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. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Banner Township in November 2024, up by 250.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 55 Days | -27.5% |
Summary: Homes in Banner Township had an average of 55 days on market in Nov 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 14 homes were sold in Banner Township; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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