$4,986 Closing Credit*
$419,900
1,680 SqFt
3 Beds
•2 Full Baths
Maggie Harrell, Listing Office: Gateway Properties and Development
Is New Market 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 Market Township has remained a Seller's Market.
Key Takeaway
New Market Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Market Township, NC
How much do homes in New Market Township, NC cost?
Median Sold Price
$240,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$41,750(-14.8%)
Key Takeaway
Homes in New Market Township have sold for 14.8% less than they did a year ago.
Summary: The median home sold price in New Market Township was $240,000 in November 2024, down 14.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217K | $209.5K | -3.5% |
| 3 Bedrooms | $285K | $240K | -15.8% |
| 4 Bedrooms | $265K | $530K | +100.0% |
| 5+ Bedrooms | $1.7M | - | N/A |
Summary: New Market 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 decreased by 3.5%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Randleman | $251.5K | $267K | +6.2% |
| Randleman Township | $255.7K | $266K | +4.0% |
| Sophia | $290K | $250K | -13.8% |
| New Market Township | $281.7K | $240K | -14.8% |
Housing Supply in New Market Township, NC
How many homes are available in New Market Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Summary: The New Market Township real estate market had 29 homes for sale in November 2024, a 11.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The New Market 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 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Market Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in New Market Township in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for New Market Township, NC
How long does it take to sell a home in New Market Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 37 Days | +117.4% |
Summary: Homes in New Market Township had an average of 37 days on market in Nov 2024, up by 117.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Market Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in New Market Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
