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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Southwest Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Southwest Township, NC

How much do homes in Southwest Township, NC cost?

Median Sold Price

$196,000

$177/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$30,000(-13.3%)

Key Takeaway

Homes in Southwest Township have sold for 13.3% less than they did a month ago.

Summary: The median home sold price in Southwest Township was $196,000 in October 2024, down 13.3% from last month, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$196K
N/A
3 $226K-
N/A
4 --
N/A
5+ --
N/A

Summary: Southwest Township housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Neuse Township
-11.7%
Southwest Township
-13.3%

Housing Supply in Southwest Township, NC

How many homes are available in Southwest Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
32-33.3%

Summary: The Southwest Township real estate market had 2 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 10
-100.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Southwest 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 remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Southwest Township in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Southwest Township, NC

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

Average Sale Time

Sep 2024Oct 2024CHANGE
73 Days44 Days-39.7%

Summary: Homes in Southwest Township had an average of 44 days on market in Oct 2024, down by 39.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southwest Township has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Southwest Township; 0% of homes were sold within 30 days, 100% 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 23 Days Ago

Newest Listings in Southwest Township, NC

Nearby Markets to Southwest Township, NC

What housing markets are near Southwest Township, NC?