Listing Office: Petit Properties Inc
Is Hogback Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Hogback Township was a Neutral Market.
Key Takeaway
Hogback Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hogback Township, NC
How much do homes in Hogback Township, NC cost?
Median Sold Price
$785,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$360,000(+84.7%)
Key Takeaway
Homes in Hogback Township have sold for 84.7% more than they did a year ago.
Summary: The median home sold price in Hogback Township was $785,000 in November 2024, up 84.7% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254K | $335K | +31.9% |
| 2 Bedrooms | $310K | $402.5K | +29.8% |
| 3 Bedrooms | $545K | $950K | +74.3% |
| 4 Bedrooms | $1.1M | $1.8M | +64.8% |
| 5+ Bedrooms | $1.7M | $5.2M | +197.9% |
Summary: Hogback Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 74.3%, 4 bedroom homes increased by 64.8%, and 5+ bedroom homes increased by 197.9%.
Median Sold Price Compared To Nearby Cities
| Lake Toxaway | $418.6K | $802.5K | +91.7% |
| Hogback Township | $425K | $785K | +84.7% |
| Sapphire | $472K | $685.5K | +45.2% |
Housing Supply in Hogback Township, NC
How many homes are available in Hogback Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 47 | -4.1% |
Summary: The Hogback Township real estate market had 47 homes for sale in November 2024, a 4.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 25 | 21 | -16.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hogback 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 16%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hogback 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 Hogback Township in November 2024, down by 57.1% 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 Hogback Township, NC
How long does it take to sell a home in Hogback Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 284 Days | +2176.0% |
Summary: Homes in Hogback Township had an average of 284 days on market in Nov 2024, up by 2176% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Hogback Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Hogback Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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