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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sandy Ridge Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Sandy Ridge Township has remained a Seller's Market.

Key Takeaway

Sandy Ridge Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sandy Ridge Township, NC

How much do homes in Sandy Ridge Township, NC cost?

Median Sold Price

$802,791

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,244(+7.0%)

Key Takeaway

Homes in Sandy Ridge Township have sold for 7% more than they did a year ago.

Summary: The median home sold price in Sandy Ridge Township was $802,791 in October 2024, up 7% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $677.8K-
N/A
2 $399.6K$532.7K
+33.3%
3 $445K$516K
+16.0%
4 $727.5K$765K
+5.2%
5+ $909.3K$980K
+7.8%

Summary: Sandy Ridge 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 increased by 33.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Cities

Weddington
+29.0%
Wesley Chapel
+17.4%
Waxhaw
+10.1%
Sandy Ridge Township
+7.0%
Marvin
+3.3%

Housing Supply in Sandy Ridge Township, NC

How many homes are available in Sandy Ridge Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2752760.4%

Summary: The Sandy Ridge Township real estate market had 276 homes for sale in October 2024, a 0.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 119
-18.2%
3 5652
-7.1%
4 9399
+6.5%
5+ 114115
+0.9%

Summary: The Sandy Ridge 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 decreased by 18.2%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 0.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5168+33.3%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sandy Ridge Township, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Sandy Ridge Township in October 2024, up by 33.3% month-over-month. Of the 68 sold homes, 71% were sold under asking, 10% were sold at asking, and 19% were sold over asking.

Days on Market for Sandy Ridge Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days35 Days+30.3%

Summary: Homes in Sandy Ridge Township had an average of 35 days on market in Oct 2024, up by 30.3% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 68 homes were sold in Sandy Ridge Township; 59% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% 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 Sandy Ridge Township, NC

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