Is Flat River Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Flat River Township has remained a Seller's Market.
Key Takeaway
Flat River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Flat River Township, NC
How much do homes in Flat River Township, NC cost?
Median Sold Price
$368,750
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Flat River Township have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Flat River Township was $368,750 in May 2024, up 7.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212.4K | $380K | +78.9% |
| 3 Bedrooms | $343.9K | $367K | +6.7% |
| 4 Bedrooms | $459K | $470.5K | +2.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Flat River Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Timberlake | $352.5K | $395K | +12.1% |
| Flat River Township | $343.9K | $368.7K | +7.2% |
| Mount Tirzah Township | $350K | $347.5K | -0.7% |
| Rougemont | $368.5K | $365.2K | -0.9% |
| Hurdle Mills | $399K | $395K | -1.0% |
Housing Supply in Flat River Township, NC
How many homes are available in Flat River Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Flat River Township real estate market had 24 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flat River Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flat River Township, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Flat River Township in May 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for Flat River Township, NC
How long does it take to sell a home in Flat River Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 40 Days | +35.4% |
Summary: Homes in Flat River Township had an average of 40 days on market in May 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Flat River Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Flat River Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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