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 seller's market

Buyer's
Market

Difference Since November 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

$297,500

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$29,000(-8.9%)

Key Takeaway

Homes in Providence Township have sold for 8.9% less than they did a year ago.

Summary: The median home sold price in Providence Township was $297,500 in November 2024, down 8.9% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$325K
N/A
2 $274.5K$146.5K
-46.6%
3 $326.5K$297.5K
-8.9%
4 $879K$477K
-45.7%
5+ $1.2M-
N/A

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 decreased by 46.6%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 45.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Randleman Township
+4.0%
Liberty Township
-0.7%
Climax
-0.8%
Providence Township
-8.9%

Housing Supply in Providence Township, NC

How many homes are available in Providence Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1312-7.7%

Summary: The Providence Township real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 119
-18.2%
4 11
0.0%
5+ 00
0.0%

Summary: The Providence Township housing inventory by bedroom type for November 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 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 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, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Providence Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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
34 Days23 Days-31.8%

Summary: Homes in Providence Township had an average of 23 days on market in Nov 2024, down by 31.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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 Providence Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Providence 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 20 Days Ago

Newest Listings in Providence Township, NC

Nearby Markets to Providence Township, NC

What housing markets are near Providence Township, NC?