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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Providence Township is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Providence 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 Providence Township, NC

How much do homes in Providence Township, NC cost?

Median Sold Price

$295,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$27,500(-8.5%)

Key Takeaway

Homes in Providence Township have sold for 8.5% less than they did a year ago.

Summary: The median home sold price in Providence Township was $295,000 in November 2024, down 8.5% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $175.5K$205K
+16.8%
3 $268.5K$289.5K
+7.8%
4 $389.9K$368.7K
-5.4%
5+ $366.5K$425K
+16.0%

Summary: Providence 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 16.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Cities

Mount Hermon Township
+7.1%
Elizabeth City
+7.0%
Elizabeth City Township
+7.0%
Camden
+2.8%
Providence Township
-8.5%

Housing Supply in Providence Township, NC

How many homes are available in Providence Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4446+4.5%

Summary: The Providence Township real estate market had 46 homes for sale in November 2024, a 4.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 3027
-10.0%
4 913
+44.4%
5+ 02
+100.0%

Summary: The Providence 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 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
177-58.8%

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 Providence Township, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Providence Township in November 2024, down by 58.8% 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 Providence Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days23 Days+43.7%

Summary: Homes in Providence Township had an average of 23 days on market in Nov 2024, up by 43.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Providence Township; 71% of homes were sold within 30 days, 29% 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 Providence Township, NC

Nearby Markets to Providence Township, NC

What housing markets are near Providence Township, NC?