$2,601 Closing Credit*
$219,000
1,054 SqFt
2 Beds
•2 Full Baths
Listing Office: Carolina Alpine Real Estate LLC
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 November 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
$388,142
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,926(+4.3%)
Key Takeaway
Homes in South Point Township have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in South Point Township was $388,142 in November 2024, up 4.3% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $175K | +45.8% |
| 2 Bedrooms | $242.9K | $259K | +6.6% |
| 3 Bedrooms | $350K | $357.9K | +2.3% |
| 4 Bedrooms | $484.5K | $525K | +8.4% |
| 5+ Bedrooms | $586.2K | $622.5K | +6.2% |
Summary: South Point Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.8%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in South Point Township, NC
How many homes are available in South Point Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 310 | 302 | -2.6% |
Summary: The South Point Township real estate market had 302 homes for sale in November 2024, a 2.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 51 | 57 | +11.8% |
| 3 Bedrooms | 149 | 145 | -2.7% |
| 4 Bedrooms | 76 | 72 | -5.3% |
| 5+ Bedrooms | 33 | 27 | -18.2% |
Summary: The South Point 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 increased by 11.8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 55 | -22.5% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
8 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. 50.9% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in South Point Township in November 2024, down by 22.5% month-over-month. Of the 55 sold homes, 51% were sold under asking, 35% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 37 Days | +34.4% |
Summary: Homes in South Point Township had an average of 37 days on market in Nov 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 55 homes were sold in South Point Township; 55% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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