$9,025 Closing Credit*
$760,000
3,001 SqFt
2 Beds
•3 Full Baths
Jennifer G Hayden, Listing Office: Nest Realty of the Triangle
Is New Hope Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, New Hope Township was a Seller's Market.
Key Takeaway
New Hope Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in New Hope Township, NC
How much do homes in New Hope Township, NC cost?
Median Sold Price
$1,150,500
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$180,500(+18.6%)
Key Takeaway
Homes in New Hope Township have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in New Hope Township was $1,150,500 in October 2024, up 18.6% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $233K | $465K | +99.6% |
| 3 Bedrooms | $735.5K | $735K | -0.1% |
| 4 Bedrooms | $1.1M | $1.2M | +7.3% |
| 5+ Bedrooms | $985K | $1.2M | +26.9% |
Summary: New Hope 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 99.6%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 26.9%.
Median Sold Price Compared To Nearby Cities
| New Hope Township | $970K | $1.1M | +18.6% |
| Buckhorn Township | $599.5K | $680K | +13.4% |
| White Oak Township | $575.3K | $617.8K | +7.4% |
| New Hill | $659K | $690K | +4.7% |
| Williams Township | $741.6K | $765.4K | +3.2% |
Housing Supply in New Hope Township, NC
How many homes are available in New Hope Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Summary: The New Hope Township real estate market had 26 homes for sale in October 2024, a 30.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The New Hope Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Hope Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in New Hope Township in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for New Hope Township, NC
How long does it take to sell a home in New Hope Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 53 Days | -27.4% |
Summary: Homes in New Hope Township had an average of 53 days on market in Oct 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Hope Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in New Hope Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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