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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ferrells Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Ferrells Township was a Buyer's Market.

Key Takeaway

Ferrells Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ferrells Township, NC

How much do homes in Ferrells Township, NC cost?

Median Sold Price

$324,950

$190/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$250,950(-43.6%)

Key Takeaway

Homes in Ferrells Township have sold for 43.6% less than they did a month ago.

Summary: The median home sold price in Ferrells Township was $324,950 in November 2024, down 43.6% from last month, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $575.9K$324.9K
-43.6%
4 --
N/A
5+ --
N/A

Summary: Ferrells Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 43.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Ferrells Township, NC

How many homes are available in Ferrells Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The Ferrells Township real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 97
-22.2%
4 12
+100.0%
5+ 00
0.0%

Summary: The Ferrells Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ferrells 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 Ferrells Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Ferrells Township, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
142 Days88 Days-38.0%

Summary: Homes in Ferrells Township had an average of 88 days on market in Nov 2024, down by 38% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ferrells Township has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Ferrells Township; 0% of homes were sold within 30 days, 50% 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 17 Days Ago

Newest Listings in Ferrells Township, NC

Nearby Markets to Ferrells Township, NC

What housing markets are near Ferrells Township, NC?