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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thomasville Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Thomasville Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Thomasville Township, NC

How much do homes in Thomasville Township, NC cost?

Median Sold Price

$250,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+8.7%)

Key Takeaway

Homes in Thomasville Township have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Thomasville Township was $250,000 in October 2024, up 8.7% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $71.2K$65.5K
-8.1%
2 $145K$160.5K
+10.7%
3 $231K$254.9K
+10.4%
4 $305K$358K
+17.4%
5+ $362.6K$375K
+3.4%

Summary: Thomasville Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.1%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Cities

Thomasville Township
+8.7%
Thomasville
+8.7%
Lexington Township
+3.2%
Midway Township
+2.2%
Conrad Hill Township
-3.8%

Housing Supply in Thomasville Township, NC

How many homes are available in Thomasville Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
184195+6.0%

Summary: The Thomasville Township real estate market had 195 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3441
+20.6%
3 122124
+1.6%
4 2126
+23.8%
5+ 63
-50.0%

Summary: The Thomasville 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 20.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3741+10.8%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thomasville Township, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Thomasville Township in October 2024, up by 10.8% month-over-month. Of the 41 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% were sold over asking.

Days on Market for Thomasville Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days29 Days+1.2%

Summary: Homes in Thomasville Township had an average of 29 days on market in Oct 2024, up by 1.2% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Thomasville Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 41 homes were sold in Thomasville Township; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% 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 22 Days Ago

Newest Listings in Thomasville Township, NC

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