$10,000 Closing Credit*
$1,500,000
3,142 SqFt
4 Beds
•4 Full Baths, 1 Partial
Listing Office: RE/MAX Executive
Is South Point 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, South Point Township has remained a Seller's Market.
Key Takeaway
South Point Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Point Township, NC
How much do homes in South Point Township, NC cost?
Median Sold Price
$393,135
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,185(+5.4%)
Key Takeaway
Homes in South Point Township have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in South Point Township was $393,135 in October 2024, up 5.4% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | $175K | +15.1% |
| 2 Bedrooms | $244.4K | $262.9K | +7.6% |
| 3 Bedrooms | $345K | $358.2K | +3.8% |
| 4 Bedrooms | $481K | $533K | +10.8% |
| 5+ Bedrooms | $582.5K | $620K | +6.4% |
Summary: South Point Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in South Point Township, NC
How many homes are available in South Point Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 332 | 324 | -2.4% |
Summary: The South Point Township real estate market had 324 homes for sale in October 2024, a 2.4% decrease 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 | 55 | 58 | +5.5% |
| 3 Bedrooms | 152 | 152 | 0.0% |
| 4 Bedrooms | 90 | 78 | -13.3% |
| 5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The South Point 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 5.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 60 | -20.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Point Township, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in South Point Township in October 2024, down by 20.0% month-over-month. Of the 60 sold homes, 57% were sold under asking, 32% were sold at asking, and 12% were sold over asking.
Days on Market for South Point Township, NC
How long does it take to sell a home in South Point Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +45.7% |
Summary: Homes in South Point Township had an average of 32 days on market in Oct 2024, up by 45.7% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Point Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 60 homes were sold in South Point Township; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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