$7,511 Closing Credit*
$632,500
2,946 SqFt
3 Beds
•2 Full Baths, 1 Partial
Pamela Kay Schubert, Glenn Schubert, Listing Office: Daymark Realty
Is Mangum 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, Mangum Township was a Neutral Market.
Key Takeaway
Mangum Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mangum Township, NC
How much do homes in Mangum Township, NC cost?
Median Sold Price
$540,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,000(+7.6%)
Key Takeaway
Homes in Mangum Township have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Mangum Township was $540,000 in November 2024, up 7.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | - | N/A |
| 2 Bedrooms | $265.5K | $305K | +14.9% |
| 3 Bedrooms | $454.5K | $510K | +12.2% |
| 4 Bedrooms | $551K | $645K | +17.1% |
| 5+ Bedrooms | $700K | $587K | -16.1% |
Summary: Mangum 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 14.9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
| Mangum Township | $502K | $540K | +7.6% |
| Lebanon Township | $405K | $424.9K | +4.9% |
| Rougemont | $368.5K | $372K | +0.9% |
Housing Supply in Mangum Township, NC
How many homes are available in Mangum Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Summary: The Mangum Township real estate market had 21 homes for sale in November 2024, a 25.0% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 10 | -33.3% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mangum 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 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mangum Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Mangum Township in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Mangum Township, NC
How long does it take to sell a home in Mangum Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 78 Days | 22 Days | -72.0% |
Summary: Homes in Mangum Township had an average of 22 days on market in Nov 2024, down by 72% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mangum Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Mangum 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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