$359,900
1,933 SqFt
3 Beds
•2 Full Baths
Allen Smith, Listing Office: LEGACY Realty NC
November 2024
Report Updated 2 Days Ago
Is Farmington Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Farmington Township has remained a Seller's Market.
How much do homes in Farmington Township, NC cost?
$430,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
Summary: The median home sold price in Farmington Township was $430,000 in November 2024, up 21.6% from last year, and the median price per square foot was $180.
# BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $103.5K | N/A |
2 Bedrooms | $179K | $186.5K | +4.2% |
3 Bedrooms | $374K | $425K | +13.6% |
4 Bedrooms | $537.5K | $641.2K | +19.3% |
5+ Bedrooms | $520K | $815.5K | +56.8% |
Summary: Farmington Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 56.8%.
Bermuda Run | $263K | $425K | +61.6% |
Farmington Township | $353.7K | $430K | +21.6% |
Advance | $375K | $442.5K | +18.0% |
Mocksville Township | $261.6K | $282.4K | +8.0% |
Shady Grove Township | $408.5K | $439.9K | +7.7% |
How many homes are available in Farmington Township, NC?
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
94 | 91 | -3.2% |
Summary: The Farmington Township real estate market had 91 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
# BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 19 | 15 | -21.1% |
3 Bedrooms | 39 | 42 | +7.7% |
4 Bedrooms | 24 | 21 | -12.5% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Farmington Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Farmington Township in November 2024, up by 21.4% month-over-month. Of the 17 sold homes, 41% were sold under asking, 41% were sold at asking, and 18% were sold over asking.
How long does it take to sell a home in Farmington Township, NC?
Nov 2023 | Nov 2024 | CHANGE |
---|---|---|
43 Days | 34 Days | -21.4% |
Summary: Homes in Farmington Township had an average of 34 days on market in Nov 2024, down by 21.4% compared to last year.
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During November 2024, 17 homes were sold in Farmington Township; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% 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 2 Days Ago
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MLS Disclaimers and Copyright
Based on information from Triad MLS Inc, and Canopy MLS for the period 12/01/2022 - 12/01/2024
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Last updated on: 12/3/2024, 11:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 11:21:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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