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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mitchell Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mitchell Township has remained a Seller's Market.

Key Takeaway

Mitchell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mitchell Township, NC

How much do homes in Mitchell Township, NC cost?

Median Sold Price

$165,000

$79/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$104,750(+173.9%)

Key Takeaway

Homes in Mitchell Township have sold for 173.9% more than they did a month ago.

Summary: The median home sold price in Mitchell Township was $165,000 in November 2024, up 173.9% from last month, and the median price per square foot was $79.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $50K-
N/A
3 $70.5K$165K
+134.0%
4 --
N/A
5+ --
N/A

Summary: Mitchell Township housing prices by bedroom type for November 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 increased by 134%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mitchell Township
+173.9%
Aulander
+173.9%

Housing Supply in Mitchell Township, NC

How many homes are available in Mitchell Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
54-20.0%

Summary: The Mitchell Township real estate market had 4 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 43
-25.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Mitchell 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mitchell Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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

Days on Market for Mitchell Township, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
82 Days12 Days-85.5%

Summary: Homes in Mitchell Township had an average of 12 days on market in Nov 2024, down by 85.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mitchell Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Mitchell Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Mitchell Township, NC

Nearby Markets to Mitchell Township, NC

What housing markets are near Mitchell Township, NC?