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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Mills Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, South Mills Township was a Seller's Market.

Key Takeaway

South Mills Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in South Mills Township, NC

How much do homes in South Mills Township, NC cost?

Median Sold Price

$369,500

$221/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$79,500(+27.4%)

Key Takeaway

Homes in South Mills Township have sold for 27.4% more than they did a month ago.

Summary: The median home sold price in South Mills Township was $369,500 in November 2024, up 27.4% from last month, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $238.6K$369.5K
+54.9%
4 $346K-
N/A
5+ --
N/A

Summary: South Mills Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 54.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

South Mills Township
+27.4%
South Mills
+27.4%

Housing Supply in South Mills Township, NC

How many homes are available in South Mills Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3023-23.3%

Summary: The South Mills Township real estate market had 23 homes for sale in November 2024, a 23.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1814
-22.2%
4 119
-18.2%
5+ 00
0.0%

Summary: The South Mills 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 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Mills Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in South Mills Township in November 2024, down by 77.8% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for South Mills Township, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
115 Days2 Days-97.8%

Summary: Homes in South Mills Township had an average of 2 days on market in Nov 2024, down by 97.8% compared to last month.

Breakdown of Home Sale Times

2 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 South Mills Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in South Mills 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 17 Days Ago

Newest Listings in South Mills Township, NC

Nearby Markets to South Mills Township, NC

What housing markets are near South Mills Township, NC?