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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Northwest Township was a Buyer's Market.

Key Takeaway

Northwest Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Northwest Township, NC

How much do homes in Northwest Township, NC cost?

Median Sold Price

$340,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$591(-0.2%)

Key Takeaway

The sold price of homes in Northwest Township has remained the same since last year.

Summary: The median home sold price in Northwest Township was $340,000 in November 2024, down 0.2% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $250K$249.3K
-0.2%
3 $311.2K$325.5K
+4.6%
4 $402.8K$500K
+24.1%
5+ $440K$555.2K
+26.2%

Summary: Northwest 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 0.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 26.2%.

Median Sold Price Compared To Nearby Cities

Leland
+5.8%
Northwest Township
-0.2%

Housing Supply in Northwest Township, NC

How many homes are available in Northwest Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
118116-1.7%

Summary: The Northwest Township real estate market had 116 homes for sale in November 2024, a 1.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 88
0.0%
3 5856
-3.4%
4 4241
-2.4%
5+ 1011
+10.0%

Summary: The Northwest 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 remained the same, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2118-14.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Township, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Northwest Township in November 2024, down by 14.3% month-over-month. Of the 18 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.

Days on Market for Northwest Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days70 Days+32.2%

Summary: Homes in Northwest Township had an average of 70 days on market in Nov 2024, up by 32.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 18 homes were sold in Northwest Township; 39% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 44% 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 Northwest Township, NC

Nearby Markets to Northwest Township, NC

What housing markets are near Northwest Township, NC?