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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Locust Hill Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Locust Hill Township was a Neutral Market.

Key Takeaway

Locust Hill Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Locust Hill Township, NC

How much do homes in Locust Hill Township, NC cost?

Median Sold Price

$70,000

$106/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$141,000(-66.8%)

Key Takeaway

Homes in Locust Hill Township have sold for 66.8% less than they did a month ago.

Summary: The median home sold price in Locust Hill Township was $70,000 in December 2024, down 66.8% from last month, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $122K-
N/A
3 $300K$70K
-76.7%
4 --
N/A
5+ --
N/A

Summary: Locust Hill Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 76.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pelham
-19.5%
Pelham Township
-19.5%
Ruffin
-23.7%
Locust Hill Township
-66.8%

Housing Supply in Locust Hill Township, NC

How many homes are available in Locust Hill Township, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
129-25.0%

Summary: The Locust Hill Township real estate market had 9 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 65
-16.7%
4 33
0.0%
5+ 11
0.0%

Summary: The Locust Hill Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was 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 Locust Hill Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Locust Hill Township in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Locust Hill Township, NC

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

Average Sale Time

Nov 2024Dec 2024CHANGE
9 Days147 Days+1447.4%

Summary: Homes in Locust Hill Township had an average of 147 days on market in Dec 2024, up by 1447.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Locust Hill Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 1 homes were sold in Locust Hill Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 7 Days Ago

Newest Listings in Locust Hill Township, NC

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