Is Cedar Grove 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, Cedar Grove Township has remained a Seller's Market.
Housing Prices in Cedar Grove Township, NC
How much do homes in Cedar Grove Township, NC cost?
Median Sold Price
$464,500
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cedar Grove Township was $464,500 in May 2024, up 4.6% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $560K | - | N/A |
2 Bedrooms | $427.5K | $347.5K | -18.7% |
3 Bedrooms | $425.2K | $405.5K | -4.6% |
4 Bedrooms | $760K | $440K | -42.1% |
5+ Bedrooms | $800K | $775K | -3.1% |
Summary: Cedar Grove 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 decreased by 18.7%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
Cedar Grove Township | $444.2K | $464.5K | +4.6% |
Efland | $402.5K | $400K | -0.6% |
Hurdle Mills | $399K | $395K | -1.0% |
Cedar Grove | $402.5K | $359.5K | -10.7% |
Housing Supply in Cedar Grove Township, NC
How many homes are available in Cedar Grove Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 15 | -42.3% |
Summary: The Cedar Grove Township real estate market had 15 homes for sale in May 2024, a 42.3% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 22 | 11 | -50.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedar Grove 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 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 5 | -54.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Cedar Grove Township in May 2024, down by 54.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Cedar Grove Township, NC
How long does it take to sell a home in Cedar Grove Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 5 Days | -85.1% |
Summary: Homes in Cedar Grove Township had an average of 5 days on market in May 2024, down by 85.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Cedar Grove 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.