$6,886 Closing Credit*
$579,900
1,874 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Mountain Oak Properties
Is Lower Hominy Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lower Hominy Township was a Seller's Market.
Key Takeaway
Lower Hominy Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lower Hominy Township, NC
How much do homes in Lower Hominy Township, NC cost?
Median Sold Price
$470,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,510(+6.5%)
Key Takeaway
Homes in Lower Hominy Township have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Lower Hominy Township was $470,000 in October 2024, up 6.5% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $201.2K | +1.1% |
| 2 Bedrooms | $294.1K | $299K | +1.6% |
| 3 Bedrooms | $420.2K | $473K | +12.6% |
| 4 Bedrooms | $485.9K | $512.3K | +5.4% |
| 5+ Bedrooms | $980K | $1.3M | +38.0% |
Summary: Lower Hominy Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 38%.
Median Sold Price Compared To Nearby Cities
| Lower Hominy Township | $441.4K | $470K | +6.5% |
| Upper Hominy Township | $384.7K | $403K | +4.7% |
| Asheville | $483.7K | $490.4K | +1.4% |
| Candler | $410.9K | $415K | +1.0% |
| Avery Creek Township | $586.3K | $580K | -1.1% |
Housing Supply in Lower Hominy Township, NC
How many homes are available in Lower Hominy Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 67 | -1.5% |
Summary: The Lower Hominy Township real estate market had 67 homes for sale in October 2024, a 1.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lower Hominy 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 decreased by 12.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Hominy Township, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lower Hominy Township in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Lower Hominy Township, NC
How long does it take to sell a home in Lower Hominy Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 29 Days | -44.5% |
Summary: Homes in Lower Hominy Township had an average of 29 days on market in Oct 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Hominy Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Lower Hominy Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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