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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Traphill Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Traphill Township, NC

How much do homes in Traphill Township, NC cost?

Median Sold Price

$900,000

$500/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$625,000(+227.3%)

Key Takeaway

Homes in Traphill Township have sold for 227.3% more than they did a month ago.

Summary: The median home sold price in Traphill Township was $900,000 in November 2024, up 227.3% from last month, and the median price per square foot was $500.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $275K$900K
+227.3%
4 -$587.7K
N/A
5+ --
N/A

Summary: Traphill Township housing prices by bedroom type for November 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 increased by 227.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Traphill Township
+227.3%
Traphill
+227.3%

Housing Supply in Traphill Township, NC

How many homes are available in Traphill Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1011+10.0%

Summary: The Traphill Township real estate market had 11 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 12
+100.0%
3 76
-14.3%
4 22
0.0%
5+ 00
0.0%

Summary: The Traphill Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were 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 Traphill Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Traphill Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Traphill Township, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
45 Days49 Days+9.2%

Summary: Homes in Traphill Township had an average of 49 days on market in Nov 2024, up by 9.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were 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 Traphill Township has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Traphill Township; 33% of homes were sold within 30 days, 67% 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 20 Days Ago

Newest Listings in Traphill Township, NC

Nearby Markets to Traphill Township, NC

What housing markets are near Traphill Township, NC?