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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gulf Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Gulf Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Gulf Township, NC

How much do homes in Gulf Township, NC cost?

Median Sold Price

$635,000

$225/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$247,500(+63.9%)

Key Takeaway

Homes in Gulf Township have sold for 63.9% more than they did a month ago.

Summary: The median home sold price in Gulf Township was $635,000 in November 2024, up 63.9% from last month, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $235K$435K
+85.1%
3 $540K-
N/A
4 -$635K
N/A
5+ -$1.2M
N/A

Summary: Gulf 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 increased by 85.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Goldston
+247.9%
Gulf Township
+63.9%
Bear Creek
-19.4%

Housing Supply in Gulf Township, NC

How many homes are available in Gulf Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
12120.0%

Summary: The Gulf Township real estate market had 12 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 55
0.0%
4 44
0.0%
5+ 11
0.0%

Summary: The Gulf 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gulf Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Gulf Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Gulf Township, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
14 Days108 Days+644.8%

Summary: Homes in Gulf Township had an average of 108 days on market in Nov 2024, up by 644.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Gulf Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Gulf Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

Newest Listings in Gulf Township, NC

Nearby Markets to Gulf Township, NC