Is Flat River Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Flat River Township has remained a Seller's Market.
Housing Prices in Flat River Township, NC
How much do homes in Flat River Township, NC cost?
Median Sold Price
$368,750
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Flat River Township was $368,750 in May 2024, up 7.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $212.4K | $380K | +78.9% |
3 Bedrooms | $343.9K | $367K | +6.7% |
4 Bedrooms | $459K | $470.5K | +2.5% |
5+ Bedrooms | - | - | N/A |
Summary: Flat River Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Timberlake | $352.5K | $395K | +12.1% |
Flat River Township | $343.9K | $368.7K | +7.2% |
Mount Tirzah Township | $350K | $347.5K | -0.7% |
Rougemont | $368.5K | $365.2K | -0.9% |
Hurdle Mills | $399K | $395K | -1.0% |
Housing Supply in Flat River Township, NC
How many homes are available in Flat River Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 24 | -7.7% |
Summary: The Flat River Township real estate market had 24 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 20 | 17 | -15.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flat River Township housing inventory by bedroom type for May 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 15%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Flat River Township in May 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for Flat River Township, NC
How long does it take to sell a home in Flat River Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 40 Days | +35.4% |
Summary: Homes in Flat River Township had an average of 40 days on market in May 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Flat River Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.