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 November 2023

At the same time last year, Newland Township was a Seller'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

$267,500

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$44,500(-14.3%)

Key Takeaway

Homes in Newland Township have sold for 14.3% less than they did a year ago.

Summary: The median home sold price in Newland Township was $267,500 in November 2024, down 14.3% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $164K$199.9K
+21.9%
2 $272K$205K
-24.6%
3 $359.9K$292.5K
-18.7%
4 $337K$350K
+3.9%
5+ --
N/A

Summary: Newland Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes decreased by 24.6%, 3 bedroom homes decreased by 18.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Providence Township
-8.5%
Newland Township
-14.3%

Housing Supply in Newland Township, NC

How many homes are available in Newland Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3031+3.3%

Summary: The Newland Township real estate market had 31 homes for sale in November 2024, a 3.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 1516
+6.7%
4 86
-25.0%
5+ 32
-33.3%

Summary: The Newland 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 75%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was 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 2 homes were sold or pending in Newland Township in November 2024, down by 50.0% month-over-month. Of the 1 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

Nov 2023Nov 2024CHANGE
44 Days4 Days-91.0%

Summary: Homes in Newland Township had an average of 4 days on market in Nov 2024, down by 91% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newland Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Newland Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Newland Township, NC

Nearby Markets to Newland Township, NC

What housing markets are near Newland Township, NC?