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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Cove Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Cove Township was a Neutral 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

$378,000

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$99,500(-20.8%)

Key Takeaway

Homes in North Cove Township have sold for 20.8% less than they did a year ago.

Summary: The median home sold price in North Cove Township was $378,000 in November 2024, down 20.8% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$206.1K
N/A
2 $515K$320K
-37.9%
3 $440K$569K
+29.3%
4 -$600K
N/A
5+ $405K-
N/A

Summary: North Cove 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 37.9%, 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

Grassy Creek Township
+10.5%
North Cove Township
-20.8%

Housing Supply in North Cove Township, NC

How many homes are available in North Cove Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
14140.0%

Summary: The North Cove Township real estate market had 14 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 89
+12.5%
4 33
0.0%
5+ 00
0.0%

Summary: The North Cove 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 decreased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

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 North Cove Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in North Cove Township in November 2024, the same as the previous 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 North Cove Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
8 Days89 Days+947.1%

Summary: Homes in North Cove Township had an average of 89 days on market in Nov 2024, up by 947.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Cove Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in North Cove Township; 0% of homes were sold within 30 days, 100% 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 North Cove Township, NC

Nearby Markets to North Cove Township, NC

What housing markets are near North Cove Township, NC?