$94,900
0.17 Acres
Land
Rhonda Folks, 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 November 2023
At the same time last year, Cypress Creek Township was a Seller's Market.
Key Takeaway
Cypress Creek Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
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 November 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 November 2024, up 2.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $242.4K | +36.6% |
| 2 Bedrooms | $350.7K | $247.5K | -29.4% |
| 3 Bedrooms | $340K | $349.9K | +2.9% |
| 4 Bedrooms | $366.4K | $670K | +82.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cypress Creek Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.6%, 2 bedroom homes decreased by 29.4%, 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 | $371K | $399.9K | +7.8% |
| Cypress Creek Township | $340K | $350K | +2.9% |
| Mannings Township | $269.9K | $269.9K | 0.0% |
| Dunn Township | $299.3K | $289K | -3.4% |
Housing Supply in Cypress Creek Township, NC
How many homes are available in Cypress Creek Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 80 | -13.0% |
Summary: The Cypress Creek Township real estate market had 80 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 75 | 66 | -12.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cypress Creek Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cypress Creek Township, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Cypress Creek Township in November 2024, down by 25.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 58% were sold at asking, and 8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 104 Days | 72 Days | -31.0% |
Summary: Homes in Cypress Creek Township had an average of 72 days on market in Nov 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cypress Creek Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 12 homes were sold in Cypress Creek Township; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
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