$25,000
Land
Listing Office: Higher Ground Properties
Is North Cove Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Cove Township has remained a Buyer's Market.
Key Takeaway
North Cove Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Cove Township, NC
How much do homes in North Cove Township, NC cost?
Median Sold Price
$430,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-2.3%)
Key Takeaway
Homes in North Cove Township have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in North Cove Township was $430,000 in October 2024, down 2.3% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $206.1K | N/A |
| 2 Bedrooms | $372.5K | $320K | -14.1% |
| 3 Bedrooms | $440K | $569K | +29.3% |
| 4 Bedrooms | - | $600K | N/A |
| 5+ Bedrooms | $405K | - | N/A |
Summary: North Cove Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 29.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Cove Township | $440K | $430K | -2.3% |
| Grassy Creek Township | $264.2K | $250K | -5.4% |
Housing Supply in North Cove Township, NC
How many homes are available in North Cove Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The North Cove Township real estate market had 17 homes for sale in October 2024, a 10.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Cove 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 increased by 25%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 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 North Cove Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in North Cove Township in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for North Cove Township, NC
How long does it take to sell a home in North Cove Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 123 Days | +720.0% |
Summary: Homes in North Cove Township had an average of 123 days on market in Oct 2024, up by 720% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in North Cove Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in North Cove Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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