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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Farmville Township is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Farmville Township has remained a Buyer's Market.

Key Takeaway

Farmville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Farmville Township, NC

How much do homes in Farmville Township, NC cost?

Median Sold Price

$229,250

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,250(-5.9%)

Key Takeaway

Homes in Farmville Township have sold for 5.9% less than they did a year ago.

Summary: The median home sold price in Farmville Township was $229,250 in October 2024, down 5.9% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $209.6K$55K
-73.8%
2 $150K$124.9K
-16.7%
3 $217K$228.5K
+5.3%
4 $329.9K$342K
+3.7%
5+ $317.5K$233K
-26.6%

Summary: Farmville Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.8%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 26.6%.

Median Sold Price Compared To Nearby Cities

Arthur Township
+2.1%
Farmville Township
-5.9%
Farmville
-8.7%
Falkland Township
-28.8%

Housing Supply in Farmville Township, NC

How many homes are available in Farmville Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1625+56.3%

Summary: The Farmville Township real estate market had 25 homes for sale in October 2024, a 56.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 816
+100.0%
4 33
0.0%
5+ 34
+33.3%

Summary: The Farmville Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Farmville Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Farmville Township in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Farmville Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days110 Days+144.4%

Summary: Homes in Farmville Township had an average of 110 days on market in Oct 2024, up by 144.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Farmville Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 16 Days Ago

Newest Listings in Farmville Township, NC

Nearby Markets to Farmville Township, NC