$4,691 Closing Credit*
$395,000
2,296 SqFt
3 Beds
•2 Full Baths
Listing Office: Coldwell Banker Realty
Is Buford Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Buford Township has remained a Seller'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
$391,250
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,250(+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 $391,250 in October 2024, up 0.3% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $540K | - | N/A |
| 2 Bedrooms | $285K | $261K | -8.4% |
| 3 Bedrooms | $380K | $380K | 0.0% |
| 4 Bedrooms | $425K | $502.5K | +18.2% |
| 5+ Bedrooms | $360K | $795K | +120.8% |
Summary: Buford 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 decreased by 8.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 120.8%.
Median Sold Price Compared To Nearby Cities
| Marshville Township | $325K | $349.9K | +7.7% |
| Monroe Township | $368K | $392.1K | +6.5% |
| Lanes Creek Township | $359.9K | $367.5K | +2.1% |
| Buford Township | $390K | $391.2K | 0.3% |
| Mineral Springs | $517K | $410.7K | -20.6% |
Housing Supply in Buford Township, NC
How many homes are available in Buford Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The Buford Township real estate market had 42 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Buford 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 16.7%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buford Township, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Buford Township in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 18 Days | +104.9% |
Summary: Homes in Buford Township had an average of 18 days on market in Oct 2024, up by 104.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 9 homes were sold in Buford Township; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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