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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral Springs Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Mineral Springs Township, NC

How much do homes in Mineral Springs Township, NC cost?

Median Sold Price

$163,500

$140/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$108,500(+197.3%)

Key Takeaway

Homes in Mineral Springs Township have sold for 197.3% more than they did a month ago.

Summary: The median home sold price in Mineral Springs Township was $163,500 in May 2024, up 197.3% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $55K-
N/A
3 $199.5K$163.5K
-18.0%
4 --
N/A
5+ --
N/A

Summary: Mineral Springs Township housing prices by bedroom type for May 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 decreased by 18%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mineral Springs Township
+197.3%
Ellerbe
+197.3%

Housing Supply in Mineral Springs Township, NC

How many homes are available in Mineral Springs Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
76-14.3%

Summary: The Mineral Springs Township real estate market had 6 homes for sale in May 2024, a 14.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 44
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Mineral Springs 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineral Springs Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Mineral Springs Township in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Mineral Springs Township, NC

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

Average Sale Time

Apr 2024May 2024CHANGE
5 Days6 Days+5.9%

Summary: Homes in Mineral Springs Township had an average of 6 days on market in May 2024, up by 5.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Mineral Springs Township; 100% of homes were sold within 30 days, 0% 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 6 Days Ago

Newest Listings in Mineral Springs Township, NC

Nearby Markets to Mineral Springs Township, NC

What housing markets are near Mineral Springs Township, NC?