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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Gilead Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Mount Gilead Township was a Neutral 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

$278,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,000(+16.3%)

Key Takeaway

Homes in Mount Gilead Township have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in Mount Gilead Township was $278,000 in November 2024, up 16.3% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $87.5K$92K
+5.1%
2 $139.5K$185K
+32.6%
3 $371.9K$336.7K
-9.5%
4 $300K$1.0M
+250.0%
5+ $322.5K$1.8M
+478.3%

Summary: Mount Gilead Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 32.6%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 250%, and 5+ bedroom homes increased by 478.3%.

Median Sold Price Compared To Nearby Cities

Mount Gilead Township
+16.3%
Mount Gilead
+14.9%
Troy Township
+11.4%

Housing Supply in Mount Gilead Township, NC

How many homes are available in Mount Gilead Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9793-4.1%

Summary: The Mount Gilead Township real estate market had 93 homes for sale in November 2024, a 4.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1616
0.0%
2 2324
+4.3%
3 4642
-8.7%
4 99
0.0%
5+ 32
-33.3%

Summary: The Mount Gilead 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 increased by 4.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
127-41.7%

Asking Price vs. Sold Price

6 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 Mount Gilead Township, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Mount Gilead Township in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
61 Days52 Days-14.6%

Summary: Homes in Mount Gilead Township had an average of 52 days on market in Nov 2024, down by 14.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Mount Gilead Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 2 Days Ago

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