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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Fields Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Old Fields Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Old Fields Township, NC

How much do homes in Old Fields Township, NC cost?

Median Sold Price

$355,000

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,000(+4.1%)

Key Takeaway

Homes in Old Fields Township have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Old Fields Township was $355,000 in November 2024, up 4.1% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $159.9K$277K
+73.3%
3 $342K$350K
+2.3%
4 $350K$399.9K
+14.3%
5+ --
N/A

Summary: Old Fields 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 increased by 73.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cross Roads Township
+15.6%
Old Fields Township
+4.1%
Bailey Township
+2.5%

Housing Supply in Old Fields Township, NC

How many homes are available in Old Fields Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2722-18.5%

Summary: The Old Fields Township real estate market had 22 homes for sale in November 2024, a 18.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1615
-6.3%
4 84
-50.0%
5+ 01
+100.0%

Summary: The Old Fields 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 decreased by 6.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Fields Township, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Old Fields Township in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.

Days on Market for Old Fields Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
131 Days54 Days-58.6%

Summary: Homes in Old Fields Township had an average of 54 days on market in Nov 2024, down by 58.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Old Fields Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

Newest Listings in Old Fields Township, NC

Nearby Markets to Old Fields Township, NC

What housing markets are near Old Fields Township, NC?