$199,000
Land
Listing Office: Berkshire Hathaway HomeServices Elite Properties
Is Buford 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, Buford Township was a Buyer's Market.
Key Takeaway
Buford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buford Township, NC
How much do homes in Buford Township, NC cost?
Median Sold Price
$392,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,000(+0.3%)
Key Takeaway
The sold price of homes in Buford Township has remained the same since last year.
Summary: The median home sold price in Buford Township was $392,500 in November 2024, up 0.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $540K | - | N/A |
| 2 Bedrooms | $285K | $265K | -7.0% |
| 3 Bedrooms | $381.6K | $381K | -0.2% |
| 4 Bedrooms | $425K | $515K | +21.2% |
| 5+ Bedrooms | $360K | $795K | +120.8% |
Summary: Buford 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 7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 120.8%.
Median Sold Price Compared To Nearby Cities
| Monroe Township | $370.7K | $394.9K | +6.5% |
| Marshville Township | $327.5K | $347K | +6.0% |
| Buford Township | $391.5K | $392.5K | 0.3% |
| Lanes Creek Township | $389.9K | $370K | -5.1% |
| Mineral Springs | $439.5K | $407.2K | -7.3% |
Housing Supply in Buford Township, NC
How many homes are available in Buford Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 39 | -7.1% |
Summary: The Buford Township real estate market had 39 homes for sale in November 2024, a 7.1% decrease 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Buford 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 16.7%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buford Township, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Buford Township in November 2024, the same as the previous month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Buford Township, NC
How long does it take to sell a home in Buford Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 74 Days | +52.4% |
Summary: Homes in Buford Township had an average of 74 days on market in Nov 2024, up by 52.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buford Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Buford Township; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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