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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Hermon Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mount Hermon Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Mount Hermon Township, NC

How much do homes in Mount Hermon Township, NC cost?

Median Sold Price

$306,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,500(+8.3%)

Key Takeaway

Homes in Mount Hermon Township have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Mount Hermon Township was $306,000 in October 2024, up 8.3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $215K$230K
+7.0%
3 $274K$294.5K
+7.5%
4 $335.5K$345K
+2.8%
5+ $347K$364.3K
+5.0%

Summary: Mount Hermon Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Cities

Nixonton Township
+12.0%
Mount Hermon Township
+8.3%
New Hope Township
+7.2%
Elizabeth City
+7.0%
Elizabeth City Township
+5.5%

Housing Supply in Mount Hermon Township, NC

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7060-14.3%

Summary: The Mount Hermon Township real estate market had 60 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 5753
-7.0%
4 116
-45.5%
5+ 11
0.0%

Summary: The Mount Hermon Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2512-52.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Hermon Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Mount Hermon Township in October 2024, down by 52.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Mount Hermon Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days63 Days+103.6%

Summary: Homes in Mount Hermon Township had an average of 63 days on market in Oct 2024, up by 103.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 12 homes were sold in Mount Hermon Township; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% 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 16 Days Ago

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Newest Listings in Mount Hermon Township, NC

Nearby Markets to Mount Hermon Township, NC

What housing markets are near Mount Hermon Township, NC?

MLS Disclaimers and Copyright

Based on information from Hive MLS, and Real Estate Information Network for the period 11/01/2022 - 11/01/2024

IDX Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
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Last updated on: 11/17/2024, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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The listing data relating to real estate for sale on this web site comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 1:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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