$5,224 Closing Credit*
$439,900
2,268 SqFt
3 Beds
•2 Full Baths
#100480446, Listing Office: Fathom Realty, LLC Raleigh
Is Spring Hope, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Spring Hope was a Seller's Market.
Key Takeaway
Spring Hope is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Spring Hope, NC
How much do homes in Spring Hope, NC cost?
Median Sold Price
$289,495
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,105(-3.4%)
Key Takeaway
Homes in Spring Hope have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Spring Hope was $289,495 in November 2024, down 3.4% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $192.5K | N/A |
| 2 Bedrooms | $141K | $115K | -18.4% |
| 3 Bedrooms | $317.9K | $275K | -13.5% |
| 4 Bedrooms | $299.2K | $314K | +4.9% |
| 5+ Bedrooms | $320.4K | $296.9K | -7.3% |
Summary: Spring Hope housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.4%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Mannings Township | $269.9K | $269.9K | 0.0% |
| Spring Hope | $299.6K | $289.4K | -3.4% |
Housing Supply in Spring Hope, NC
How many homes are available in Spring Hope, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 50 | -2.0% |
Summary: The Spring Hope real estate market had 50 homes for sale in November 2024, a 2.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 37 | 36 | -2.7% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Spring Hope housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Hope, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Spring Hope in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Spring Hope, NC
How long does it take to sell a home in Spring Hope, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 129 Days | 93 Days | -28.2% |
Summary: Homes in Spring Hope had an average of 93 days on market in Nov 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Hope are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Spring Hope; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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