$8,788 Closing Credit*
$740,000
2,702 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Emerald Pointe Realty & Const.
Is New Salem Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, New Salem Township has remained a Seller's Market.
Key Takeaway
New Salem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Salem Township, NC
How much do homes in New Salem Township, NC cost?
Median Sold Price
$486,500
$232/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$2,300(+0.5%)
Key Takeaway
The sold price of homes in New Salem Township has remained the same since last month.
Summary: The median home sold price in New Salem Township was $486,500 in October 2024, up 0.5% from last month, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $402.5K | $480.1K | +19.3% |
| 4 Bedrooms | $565.9K | $535K | -5.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Salem Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes did not change.
Housing Supply in New Salem Township, NC
How many homes are available in New Salem Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The New Salem Township real estate market had 10 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New Salem 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Salem Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Salem Township in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for New Salem Township, NC
How long does it take to sell a home in New Salem Township, NC?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 35 Days | +315.7% |
Summary: Homes in New Salem Township had an average of 35 days on market in Oct 2024, up by 315.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Salem Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in New Salem Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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