Is Mayo Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mayo Township was a Buyer's Market.
Housing Prices in Mayo Township, NC
How much do homes in Mayo Township, NC cost?
Median Sold Price
$240,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mayo Township was $240,000 in May 2024, down 9.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $120K | +118.2% |
2 Bedrooms | $145K | $124.9K | -13.9% |
3 Bedrooms | $276.3K | $276.5K | 0.0% |
4 Bedrooms | - | $293.2K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Mayo Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 118.2%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Mayodan | $158.7K | $188.2K | +18.6% |
Madison Township | $190.5K | $223.5K | +17.3% |
Mayo Township | $265K | $240K | -9.4% |
Stoneville | $266K | $240K | -9.8% |
Housing Supply in Mayo Township, NC
How many homes are available in Mayo Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 27 | -3.6% |
Summary: The Mayo Township real estate market had 27 homes for sale in May 2024, a 3.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mayo Township housing inventory by bedroom type for May 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 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mayo Township in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mayo Township, NC
How long does it take to sell a home in Mayo Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 101 Days | +3277.8% |
Summary: Homes in Mayo Township had an average of 101 days on market in May 2024, up by 3277.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Mayo Township; 33% 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.