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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pelham Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Pelham Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Pelham Township, NC

How much do homes in Pelham Township, NC cost?

Median Sold Price

$241,000

$199/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$58,500(-19.5%)

Key Takeaway

Homes in Pelham Township have sold for 19.5% less than they did a month ago.

Summary: The median home sold price in Pelham Township was $241,000 in December 2024, down 19.5% from last month, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $299.5K$241K
-19.5%
4 --
N/A
5+ --
N/A

Summary: Pelham Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pelham Township
-19.5%
Pelham
-19.5%
Ruffin
-23.7%
Locust Hill Township
-66.8%

Housing Supply in Pelham Township, NC

How many homes are available in Pelham Township, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
75-28.6%

Summary: The Pelham Township real estate market had 5 homes for sale in December 2024, a 28.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 00
0.0%
3 74
-42.9%
4 00
0.0%
5+ 00
0.0%

Summary: The Pelham Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pelham Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Pelham Township in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Pelham Township, NC

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

Average Sale Time

Nov 2024Dec 2024CHANGE
42 Days18 Days-57.8%

Summary: Homes in Pelham Township had an average of 18 days on market in Dec 2024, down by 57.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Pelham Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Pelham 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 2 Days Ago

Newest Listings in Pelham Township, NC

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