Is Salisbury 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, Salisbury Township has remained a Seller's Market.
Housing Prices in Salisbury Township, NC
How much do homes in Salisbury Township, NC cost?
Median Sold Price
$270,800
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Salisbury Township was $270,800 in May 2024, up 10.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $106.5K | -55.6% |
2 Bedrooms | $165.9K | $195K | +17.5% |
3 Bedrooms | $245K | $265K | +8.2% |
4 Bedrooms | $312.3K | $320K | +2.4% |
5+ Bedrooms | $390K | $475K | +21.8% |
Summary: Salisbury Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.6%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $259K | $302K | +16.6% |
Spencer | $210K | $239K | +13.8% |
Salisbury Township | $245K | $270.8K | +10.5% |
Salisbury | $250K | $275K | +10.0% |
Housing Supply in Salisbury Township, NC
How many homes are available in Salisbury Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
481 | 501 | +4.2% |
Summary: The Salisbury Township real estate market had 501 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 57 | 61 | +7.0% |
3 Bedrooms | 278 | 305 | +9.7% |
4 Bedrooms | 111 | 100 | -9.9% |
5+ Bedrooms | 31 | 31 | 0.0% |
Summary: The Salisbury 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 increased by 7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
110 | 98 | -10.9% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 98 homes were sold or pending in Salisbury Township in May 2024, down by 10.9% month-over-month. Of the 98 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% were sold over asking.
Days on Market for Salisbury Township, NC
How long does it take to sell a home in Salisbury Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 57 Days | +61.8% |
Summary: Homes in Salisbury Township had an average of 57 days on market in May 2024, up by 61.8% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During May 2024, 98 homes were sold in Salisbury Township; 48% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.