Is Boon Hill Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boon Hill Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Boon Hill Township has remained a Seller's Market.

Key Takeaway

Boon Hill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Boon Hill Township, NC

How much do homes in Boon Hill Township, NC cost?

Median Sold Price

$320,625

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,625(+6.9%)

Key Takeaway

Homes in Boon Hill Township have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Boon Hill Township was $320,625 in October 2024, up 6.9% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $209.6K$234.9K
+12.1%
3 $285K$319.7K
+12.2%
4 $370K$430K
+16.2%
5+ --
N/A

Summary: Boon Hill 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 increased by 12.1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fork Township
+8.2%
Boon Hill Township
+6.9%
Princeton
+1.9%
Pine Level Township
+0.8%

Housing Supply in Boon Hill Township, NC

How many homes are available in Boon Hill Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
37370.0%

Summary: The Boon Hill Township real estate market had 37 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 2825
-10.7%
4 57
+40.0%
5+ 00
0.0%

Summary: The Boon Hill 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 increased by 25%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
310+233.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boon Hill Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Boon Hill Township in October 2024, up by 233.3% month-over-month. Of the 10 sold homes, 30% were sold under asking, 60% were sold at asking, and 10% were sold over asking.

Days on Market for Boon Hill Township, NC

How long does it take to sell a home in Boon Hill Township, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
117 Days78 Days-32.8%

Summary: Homes in Boon Hill Township had an average of 78 days on market in Oct 2024, down by 32.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Boon Hill Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 10 homes were sold in Boon Hill Township; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Boon Hill Township, NC

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