$3,264 Closing Credit*
$274,900
1,362 SqFt
3 Beds
•2 Full Baths
#100475828, Listing Office: FATHOM REALTY NC LLC
Is Spring Hope, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Spring Hope was a Seller's Market.
Key Takeaway
Spring Hope is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Spring Hope, NC
How much do homes in Spring Hope, NC cost?
Median Sold Price
$284,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$29,900(-9.5%)
Key Takeaway
Homes in Spring Hope have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Spring Hope was $284,000 in October 2024, down 9.5% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $192.5K | N/A |
| 2 Bedrooms | $141K | $115K | -18.4% |
| 3 Bedrooms | $317.9K | $272.5K | -14.3% |
| 4 Bedrooms | $299.2K | $304.4K | +1.8% |
| 5+ Bedrooms | $320.4K | $296.9K | -7.3% |
Summary: Spring Hope housing prices by bedroom type for October 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 14.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Mannings Township | $252.5K | $269.9K | +6.9% |
| Spring Hope | $313.9K | $284K | -9.5% |
Housing Supply in Spring Hope, NC
How many homes are available in Spring Hope, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 49 | +8.9% |
Summary: The Spring Hope real estate market had 49 homes for sale in October 2024, a 8.9% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spring Hope 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 increased by 19.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Hope, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Spring Hope in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 25 Days | -56.3% |
Summary: Homes in Spring Hope had an average of 25 days on market in Oct 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 8 homes were sold in Spring Hope; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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