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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poplar Branch Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Poplar Branch Township was a Seller's Market.

Key Takeaway

Poplar Branch Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Poplar Branch Township, NC

How much do homes in Poplar Branch Township, NC cost?

Median Sold Price

$441,400

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,400(+7.7%)

Key Takeaway

Homes in Poplar Branch Township have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Poplar Branch Township was $441,400 in October 2024, up 7.7% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $300K$250K
-16.7%
3 $379K$422.9K
+11.6%
4 $520.5K$672.6K
+29.2%
5+ $1.1M$1.0M
-13.5%

Summary: Poplar Branch 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 16.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes decreased by 13.5%.

Median Sold Price Compared To Nearby Cities

Poplar Branch Township
+7.7%
Grandy
-1.5%

Housing Supply in Poplar Branch Township, NC

How many homes are available in Poplar Branch Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3643+19.4%

Summary: The Poplar Branch Township real estate market had 43 homes for sale in October 2024, a 19.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 33
0.0%
3 1718
+5.9%
4 1112
+9.1%
5+ 38
+166.7%

Summary: The Poplar Branch Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 166.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

3 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 Poplar Branch Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Poplar Branch Township in October 2024, up by 400.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Poplar Branch Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
81 Days50 Days-38.4%

Summary: Homes in Poplar Branch Township had an average of 50 days on market in Oct 2024, down by 38.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Poplar Branch Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 20 Days Ago

Newest Listings in Poplar Branch Township, NC

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