$29,000
0.54 Acres
Land
#100481392, Listing Office: Mossy Oak Properties Land and Farms
Is Island Creek 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, Island Creek Township was a Seller's Market.
Key Takeaway
Island Creek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Island Creek Township, NC
How much do homes in Island Creek Township, NC cost?
Median Sold Price
$275,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+22.2%)
Key Takeaway
Homes in Island Creek Township have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Island Creek Township was $275,000 in November 2024, up 22.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $132.5K | $137K | +3.4% |
| 3 Bedrooms | $212.5K | $255K | +20.0% |
| 4 Bedrooms | $625.5K | $386K | -38.3% |
| 5+ Bedrooms | $750K | $850K | +13.3% |
Summary: Island Creek Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 38.3%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Wallace | $232.2K | $313.7K | +35.1% |
| Island Creek Township | $225K | $275K | +22.2% |
Housing Supply in Island Creek Township, NC
How many homes are available in Island Creek Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 80 | +6.7% |
Summary: The Island Creek Township real estate market had 80 homes for sale in November 2024, a 6.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 30 | 32 | +6.7% |
| 4 Bedrooms | 37 | 43 | +16.2% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Island Creek 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 decreased by 66.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Island Creek Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Island Creek Township in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Island Creek Township, NC
How long does it take to sell a home in Island Creek Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 118 Days | 81 Days | -30.8% |
Summary: Homes in Island Creek Township had an average of 81 days on market in Nov 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Island Creek Township has remained consistent over time.
Summary: During November 2024, 10 homes were sold in Island Creek Township; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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