Listing Office: Toni Fish & Associates Inc Realty
Is Mount Gilead Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Mount Gilead Township was a Seller's Market.
Key Takeaway
Mount Gilead Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Gilead Township, NC
How much do homes in Mount Gilead Township, NC cost?
Median Sold Price
$308,664
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$63,664(+26.0%)
Key Takeaway
Homes in Mount Gilead Township have sold for 26% more than they did a year ago.
Summary: The median home sold price in Mount Gilead Township was $308,664 in December 2024, up 26% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $89K | -1.1% |
| 2 Bedrooms | $139.5K | $186.7K | +33.9% |
| 3 Bedrooms | $364.5K | $340K | -6.7% |
| 4 Bedrooms | $300K | $1.0M | +250.0% |
| 5+ Bedrooms | $322.5K | $1.8M | +478.3% |
Summary: Mount Gilead Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 33.9%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 250%, and 5+ bedroom homes increased by 478.3%.
Median Sold Price Compared To Nearby Cities
| Mount Gilead Township | $245K | $308.6K | +26.0% |
| Mount Gilead | $247.5K | $308.6K | +24.7% |
| Pee Dee Township | $145K | $175K | +20.7% |
Housing Supply in Mount Gilead Township, NC
How many homes are available in Mount Gilead Township, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 79 | 81 | +2.5% |
Summary: The Mount Gilead Township real estate market had 81 homes for sale in December 2024, a 2.5% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 17 | +13.3% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mount Gilead Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Gilead Township, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mount Gilead Township in December 2024, up by 42.9% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Mount Gilead Township, NC
How long does it take to sell a home in Mount Gilead Township, NC?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 73 Days | 80 Days | +10.4% |
Summary: Homes in Mount Gilead Township had an average of 80 days on market in Dec 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mount Gilead Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 10 homes were sold in Mount Gilead Township; 30% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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