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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conrad Hill Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Conrad Hill Township, NC

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

Median Sold Price

$260,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,000(+4.0%)

Key Takeaway

Homes in Conrad Hill Township have sold for 4% more than they did a year ago.

Summary: The median home sold price in Conrad Hill Township was $260,000 in May 2024, up 4% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $223.5K$214.2K
-4.1%
3 $241K$260K
+7.9%
4 $285.4K$442K
+54.8%
5+ $427K$625K
+46.4%

Summary: Conrad Hill Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 54.8%, and 5+ bedroom homes increased by 46.4%.

Median Sold Price Compared To Nearby Cities

Silver Hill Township
+10.9%
Thomasville Township
+5.6%
Conrad Hill Township
+4.0%
Lexington
+1.4%
Lexington Township
+1.3%

Housing Supply in Conrad Hill Township, NC

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

Number of Homes For Sale

Apr 2024May 2024CHANGE
34340.0%

Summary: The Conrad Hill Township real estate market had 34 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 2725
-7.4%
4 11
0.0%
5+ 00
0.0%

Summary: The Conrad Hill Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conrad Hill Township, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Conrad Hill Township in May 2024, up by 44.4% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.

Days on Market for Conrad Hill Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
16 Days29 Days+80.9%

Summary: Homes in Conrad Hill Township had an average of 29 days on market in May 2024, up by 80.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 13 homes were sold in Conrad Hill Township; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 3 Days Ago

Newest Listings in Conrad Hill Township, NC

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What housing markets are near Conrad Hill Township, NC?