Is Salisbury Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Salisbury Township has remained a Seller's Market.
Key Takeaway
Salisbury Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salisbury Township, NC
How much do homes in Salisbury Township, NC cost?
Median Sold Price
$270,800
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Salisbury Township have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Salisbury Township was $270,800 in May 2024, up 10.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $106.5K | -55.6% |
| 2 Bedrooms | $165.9K | $195K | +17.5% |
| 3 Bedrooms | $245K | $265K | +8.2% |
| 4 Bedrooms | $312.3K | $320K | +2.4% |
| 5+ Bedrooms | $390K | $475K | +21.8% |
Summary: Salisbury Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.6%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $259K | $302K | +16.6% |
| Spencer | $210K | $239K | +13.8% |
| Salisbury Township | $245K | $270.8K | +10.5% |
| Salisbury | $250K | $275K | +10.0% |
Housing Supply in Salisbury Township, NC
How many homes are available in Salisbury Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 481 | 501 | +4.2% |
Summary: The Salisbury Township real estate market had 501 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 57 | 61 | +7.0% |
| 3 Bedrooms | 278 | 305 | +9.7% |
| 4 Bedrooms | 111 | 100 | -9.9% |
| 5+ Bedrooms | 31 | 31 | 0.0% |
Summary: The Salisbury Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 110 | 98 | -10.9% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salisbury Township, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 98 homes were sold or pending in Salisbury Township in May 2024, down by 10.9% month-over-month. Of the 98 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% were sold over asking.
Days on Market for Salisbury Township, NC
How long does it take to sell a home in Salisbury Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 57 Days | +61.8% |
Summary: Homes in Salisbury Township had an average of 57 days on market in May 2024, up by 61.8% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salisbury Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 98 homes were sold in Salisbury Township; 48% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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