$9,797 Closing Credit*
$825,000
3,077 SqFt
4 Beds
•3 Full Baths
Dana Cantrell, Listing Office: Coldwell Banker - HPW
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 November 2023
Since last year, New Hope Township has remained a Seller's Market.
Key Takeaway
New Hope Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Hope Township, NC
How much do homes in New Hope Township, NC cost?
Median Sold Price
$1,070,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-0.9%)
Key Takeaway
Homes in New Hope Township have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in New Hope Township was $1,070,000 in November 2024, down 0.9% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $639K | N/A |
| 2 Bedrooms | $233K | $465K | +99.6% |
| 3 Bedrooms | $761K | $715K | -6.0% |
| 4 Bedrooms | $1.1M | $1.2M | +3.2% |
| 5+ Bedrooms | $1.1M | $1.1M | +1.8% |
Summary: New Hope Township housing prices by bedroom type for November 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 6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Buckhorn Township | $599.9K | $683K | +13.8% |
| White Oak Township | $575.9K | $624.5K | +8.4% |
| New Hill | $645.2K | $690K | +6.9% |
| Williams Township | $749.6K | $770.6K | +2.8% |
| New Hope Township | $1.0M | $1.0M | -0.9% |
Housing Supply in New Hope Township, NC
How many homes are available in New Hope Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The New Hope Township real estate market had 22 homes for sale in November 2024, a 18.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The New Hope 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in New Hope Township in November 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 209 Days | 145 Days | -30.7% |
Summary: Homes in New Hope Township had an average of 145 days on market in Nov 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Hope Township has remained consistent over time.
Summary: During November 2024, 4 homes were sold in New Hope Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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