$2,374 Closing Credit*
$199,900
1,056 SqFt
3 Beds
•2 Full Baths
#10559492, Holly Long, Listing Office: The Real Estate Group
Is Providence Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Providence Township has remained a Seller's Market.
Key Takeaway
Providence Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Providence Township, NC
How much do homes in Providence Township, NC cost?
Median Sold Price
$304,900
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,600(-5.5%)
Key Takeaway
Homes in Providence Township have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Providence Township was $304,900 in October 2024, down 5.5% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175.5K | $158.2K | -9.8% |
| 3 Bedrooms | $265K | $289.5K | +9.2% |
| 4 Bedrooms | $377.1K | $372.5K | -1.2% |
| 5+ Bedrooms | $411K | $390K | -5.1% |
Summary: Providence 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 9.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Mount Hermon Township | $282.5K | $306K | +8.3% |
| Elizabeth City | $285K | $305K | +7.0% |
| Elizabeth City Township | $289K | $305K | +5.5% |
| Camden | $389K | $399.4K | +2.7% |
| Providence Township | $322.5K | $304.9K | -5.5% |
Housing Supply in Providence Township, NC
How many homes are available in Providence Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Summary: The Providence Township real estate market had 45 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Providence 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 increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 16 | +128.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Providence Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Providence Township in October 2024, up by 128.6% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -21.2% |
Summary: Homes in Providence Township had an average of 22 days on market in Oct 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Providence Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Providence Township; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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