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 November 2023

At the same time last year, Boon Hill Township was a Buyer'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 November 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 November 2024, up 6.9% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $209.6K$219.9K
+4.9%
3 $285K$319.7K
+12.2%
4 $370K$385K
+4.1%
5+ --
N/A

Summary: Boon Hill 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 increased by 4.9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fork Township
+11.9%
Boon Hill Township
+6.9%
Princeton
+3.9%
Pine Level Township
-3.0%

Housing Supply in Boon Hill Township, NC

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
38380.0%

Summary: The Boon Hill Township real estate market had 38 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 2625
-3.8%
4 79
+28.6%
5+ 00
0.0%

Summary: The Boon Hill 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 decreased by 20%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were 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. 54.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Boon Hill Township in November 2024, up by 22.2% month-over-month. Of the 11 sold homes, 27% were sold under asking, 55% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
74 Days141 Days+91.0%

Summary: Homes in Boon Hill Township had an average of 141 days on market in Nov 2024, up by 91% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

7 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 November 2024, 11 homes were sold in Boon Hill Township; 27% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 64% 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 21 Days Ago

Newest Listings in Boon Hill Township, NC

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