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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Gilead Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Mount Gilead Township was a Seller's Market.

Key Takeaway

Mount Gilead Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mount Gilead Township, NC

How much do homes in Mount Gilead Township, NC cost?

Median Sold Price

$250,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$67,502(+37.0%)

Key Takeaway

Homes in Mount Gilead Township have sold for 37% more than they did a year ago.

Summary: The median home sold price in Mount Gilead Township was $250,000 in May 2024, up 37% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $81.5K$95K
+16.6%
2 $152K$132.5K
-12.8%
3 $314K$349.1K
+11.2%
4 $305K$452.5K
+48.4%
5+ $125K$322.5K
+158.0%

Summary: Mount Gilead Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes increased by 158%.

Median Sold Price Compared To Nearby Cities

Mount Gilead Township
+37.0%
Troy Township
+9.1%
Mount Gilead
-5.5%
Pee Dee Township
-43.8%

Housing Supply in Mount Gilead Township, NC

How many homes are available in Mount Gilead Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7386+17.8%

Summary: The Mount Gilead Township real estate market had 86 homes for sale in May 2024, a 17.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1418
+28.6%
2 1723
+35.3%
3 3432
-5.9%
4 58
+60.0%
5+ 35
+66.7%

Summary: The Mount Gilead Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 35.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
12120.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Gilead Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Mount Gilead Township in May 2024, the same as the previous month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Mount Gilead Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
93 Days24 Days-73.9%

Summary: Homes in Mount Gilead Township had an average of 24 days on market in May 2024, down by 73.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 12 homes were sold in Mount Gilead Township; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% 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 2 Days Ago

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