Is Cross Creek Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cross Creek Township has remained a Seller's Market.
Key Takeaway
Cross Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cross Creek Township, NC
How much do homes in Cross Creek Township, NC cost?
Median Sold Price
$220,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cross Creek Township have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Cross Creek Township was $220,000 in May 2024, up 5.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $83K | -56.3% |
| 2 Bedrooms | $117K | $129K | +10.3% |
| 3 Bedrooms | $190.9K | $213.5K | +11.8% |
| 4 Bedrooms | $317K | $306.2K | -3.4% |
| 5+ Bedrooms | $393K | $452.9K | +15.3% |
Summary: Cross Creek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Pearces Mill Township | $190K | $210K | +10.5% |
| Rockfish Township | $235K | $250.4K | +6.6% |
| Cross Creek Township | $208.8K | $220K | +5.3% |
| Fayetteville | $214.6K | $225K | +4.9% |
| Carvers Creek Township | $288.6K | $295.2K | +2.3% |
Housing Supply in Cross Creek Township, NC
How many homes are available in Cross Creek Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 370 | 378 | +2.2% |
Summary: The Cross Creek Township real estate market had 378 homes for sale in May 2024, a 2.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 53 | 50 | -5.7% |
| 3 Bedrooms | 183 | 191 | +4.4% |
| 4 Bedrooms | 105 | 101 | -3.8% |
| 5+ Bedrooms | 27 | 33 | +22.2% |
Summary: The Cross Creek Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 107 | 72 | -32.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cross Creek Township, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 72 homes were sold or pending in Cross Creek Township in May 2024, down by 32.7% month-over-month. Of the 72 sold homes, 36% were sold under asking, 38% were sold at asking, and 26% were sold over asking.
Days on Market for Cross Creek Township, NC
How long does it take to sell a home in Cross Creek Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 66 Days | 21 Days | -67.5% |
Summary: Homes in Cross Creek Township had an average of 21 days on market in May 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cross Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 72 homes were sold in Cross Creek Township; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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