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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Triangle Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Triangle Township, NC

How much do homes in Triangle Township, NC cost?

Median Sold Price

$446,183

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,482(+5.1%)

Key Takeaway

Homes in Triangle Township have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Triangle Township was $446,183 in October 2024, up 5.1% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $230K$225K
-2.2%
2 $305K$315.5K
+3.4%
3 $407.1K$425K
+4.4%
4 $545.7K$573.3K
+5.1%
5+ $775K$783.7K
+1.1%

Summary: Triangle Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Cities

Triangle Township
+5.1%
Chapel Hill
+4.5%
Durham
+4.2%
Durham Township
+4.1%
Chapel Hill Township
+2.9%

Housing Supply in Triangle Township, NC

How many homes are available in Triangle Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
398409+2.8%

Summary: The Triangle Township real estate market had 409 homes for sale in October 2024, a 2.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 911
+22.2%
2 5047
-6.0%
3 212218
+2.8%
4 99102
+3.0%
5+ 2831
+10.7%

Summary: The Triangle Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 10.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
10288-13.7%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Triangle Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 88 homes were sold or pending in Triangle Township in October 2024, down by 13.7% month-over-month. Of the 88 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Triangle Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days25 Days-57.8%

Summary: Homes in Triangle Township had an average of 25 days on market in Oct 2024, down by 57.8% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 88 homes were sold in Triangle Township; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% 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 Triangle Township, NC

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