Is Broad River Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broad River Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Broad River Township was a Seller's Market.

Key Takeaway

Broad River Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Broad River Township, NC

How much do homes in Broad River Township, NC cost?

Median Sold Price

$487,150

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,150(+5.0%)

Key Takeaway

Homes in Broad River Township have sold for 5% more than they did a year ago.

Summary: The median home sold price in Broad River Township was $487,150 in November 2024, up 5% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $345K-
N/A
2 $460K$430K
-6.5%
3 $465K$485K
+4.3%
4 $800K$1.4M
+75.0%
5+ $3.0M-
N/A

Summary: Broad River 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 6.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 75%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fairview Township
+7.1%
Black Mountain Township
+6.6%
Broad River Township
+5.0%
Fairview
+3.7%

Housing Supply in Broad River Township, NC

How many homes are available in Broad River Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
810+25.0%

Summary: The Broad River Township real estate market had 10 homes for sale in November 2024, a 25.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 35
+66.7%
4 11
0.0%
5+ 00
0.0%

Summary: The Broad River 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 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broad River Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Broad River Township in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Broad River Township, NC

How long does it take to sell a home in Broad River Township, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days20 Days-53.2%

Summary: Homes in Broad River Township had an average of 20 days on market in Nov 2024, down by 53.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Broad River Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Broad River Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Broad River Township, NC

Nearby Markets to Broad River Township, NC

What housing markets are near Broad River Township, NC?