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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gilkey Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Gilkey Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Gilkey Township, NC

How much do homes in Gilkey Township, NC cost?

Median Sold Price

$303,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$45,500(-13.1%)

Key Takeaway

Homes in Gilkey Township have sold for 13.1% less than they did a year ago.

Summary: The median home sold price in Gilkey Township was $303,000 in October 2024, down 13.1% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $352K-
N/A
2 $325K$325K
0.0%
3 $347.5K$300K
-13.7%
4 $593.9K$282.5K
-52.4%
5+ -$500K
N/A

Summary: Gilkey 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 did not change, 3 bedroom homes decreased by 13.7%, 4 bedroom homes decreased by 52.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rutherfordton Township
+10.4%
Union Mills
+7.7%
Camp Creek Township
-4.8%
Green Hill Township
-10.8%
Gilkey Township
-13.1%

Housing Supply in Gilkey Township, NC

How many homes are available in Gilkey Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1516+6.7%

Summary: The Gilkey Township real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 88
0.0%
3 66
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Gilkey 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were 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 Gilkey Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Gilkey Township in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Gilkey Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days45 Days+121.4%

Summary: Homes in Gilkey Township had an average of 45 days on market in Oct 2024, up by 121.4% compared to last year.

Breakdown of Home Sale Times

2 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

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

Summary: During October 2024, 4 homes were sold in Gilkey Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 23 Days Ago

Newest Listings in Gilkey Township, NC

Nearby Markets to Gilkey Township, NC

What housing markets are near Gilkey Township, NC?