$32,500
0.46 Acres
Land
Terrie Siebert, Listing Office: Century 21 Folks Properties
Is Cypress Creek Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cypress Creek Township was a Neutral Market.
Key Takeaway
Cypress Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cypress Creek Township, NC
How much do homes in Cypress Creek Township, NC cost?
Median Sold Price
$350,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.9%)
Key Takeaway
Homes in Cypress Creek Township have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Cypress Creek Township was $350,000 in October 2024, up 2.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $259K | +45.9% |
| 2 Bedrooms | $350.7K | $275K | -21.6% |
| 3 Bedrooms | $340K | $350K | +2.9% |
| 4 Bedrooms | $366.4K | $670K | +82.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cypress Creek Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.9%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 82.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Harris Township | $369.9K | $399.4K | +8.0% |
| Mannings Township | $252.5K | $269.9K | +6.9% |
| Cypress Creek Township | $340K | $350K | +2.9% |
| Dunn Township | $295.9K | $289.5K | -2.2% |
Housing Supply in Cypress Creek Township, NC
How many homes are available in Cypress Creek Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 | 92 | -8.0% |
Summary: The Cypress Creek Township real estate market had 92 homes for sale in October 2024, a 8.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 83 | 77 | -7.2% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cypress Creek Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cypress Creek Township, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Cypress Creek Township in October 2024, the same as the previous month. Of the 16 sold homes, 56% were sold under asking, 38% were sold at asking, and 6% were sold over asking.
Days on Market for Cypress Creek Township, NC
How long does it take to sell a home in Cypress Creek Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 33 Days | -55.3% |
Summary: Homes in Cypress Creek Township had an average of 33 days on market in Oct 2024, down by 55.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cypress Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Cypress Creek Township; 50% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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