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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newland Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Newland Township has remained a Buyer's Market.

Key Takeaway

Newland Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Newland Township, NC

How much do homes in Newland Township, NC cost?

Median Sold Price

$218,000

$198/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$52,850(-19.5%)

Key Takeaway

Homes in Newland Township have sold for 19.5% less than they did a month ago.

Summary: The median home sold price in Newland Township was $218,000 in October 2024, down 19.5% from last month, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $166.7K-
N/A
2 $375K$205K
-45.3%
3 -$374K
N/A
4 --
N/A
5+ --
N/A

Summary: Newland 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 decreased by 45.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Newland Township
-19.5%
South Mills Township
-49.5%
South Mills
-49.5%

Housing Supply in Newland Township, NC

How many homes are available in Newland Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2438+58.3%

Summary: The Newland Township real estate market had 38 homes for sale in October 2024, a 58.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 44
0.0%
3 1318
+38.5%
4 59
+80.0%
5+ 17
+600.0%

Summary: The Newland 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 38.5%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 600%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newland Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Newland Township in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Newland Township, NC

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

Average Sale Time

Sep 2024Oct 2024CHANGE
30 Days151 Days+405.8%

Summary: Homes in Newland Township had an average of 151 days on market in Oct 2024, up by 405.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Newland Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in Newland Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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

Newest Listings in Newland Township, NC

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What housing markets are near Newland Township, NC?