$3,859 Closing Credit*
$325,000
2,842 SqFt
4 Beds
•2 Full Baths, 1 Partial
#100474333, Listing Office: Bill Brantley Realty, LLC
Is Ferrells 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, Ferrells Township was a Seller's Market.
Key Takeaway
Ferrells Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ferrells Township, NC
How much do homes in Ferrells Township, NC cost?
Median Sold Price
$350,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,050(+12.2%)
Key Takeaway
Homes in Ferrells Township have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Ferrells Township was $350,000 in October 2024, up 12.2% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $91K | $250K | +174.7% |
| 3 Bedrooms | $317.9K | $350K | +10.1% |
| 4 Bedrooms | $298.7K | $284K | -4.9% |
| 5+ Bedrooms | $320.4K | - | N/A |
Summary: Ferrells Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 174.7%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ferrells Township | $311.9K | $350K | +12.2% |
| Bailey Township | $314.5K | $323.8K | +3.0% |
| Dunn Township | $295.9K | $289.5K | -2.2% |
Housing Supply in Ferrells Township, NC
How many homes are available in Ferrells Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Ferrells Township real estate market had 10 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ferrells 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 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ferrells Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Ferrells Township in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 142 Days | +131.8% |
Summary: Homes in Ferrells Township had an average of 142 days on market in Oct 2024, up by 131.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Ferrells Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Ferrells Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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