Is Center 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, Center Grove Township has remained a Seller's Market.
Key Takeaway
Center Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Center Grove Township, NC
How much do homes in Center Grove Township, NC cost?
Median Sold Price
$635,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Center Grove Township have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Center Grove Township was $635,000 in May 2024, up 1.6% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $177.5K | $267.5K | +50.7% |
| 3 Bedrooms | $399.9K | $412.2K | +3.1% |
| 4 Bedrooms | $662.5K | $700K | +5.7% |
| 5+ Bedrooms | $659.9K | $627.9K | -4.8% |
Summary: Center 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 increased by 50.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Greensboro | $265K | $279.8K | +5.6% |
| Bruce Township | $563K | $580K | +3.0% |
| Monroe Township | $375K | $382.8K | +2.1% |
| Center Grove Township | $625K | $635K | +1.6% |
| Summerfield | $577.5K | $585K | +1.3% |
Housing Supply in Center Grove Township, NC
How many homes are available in Center Grove Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 50 | +4.2% |
Summary: The Center Grove Township real estate market had 50 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 33 | 32 | -3.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Center 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 remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Center Grove Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Center Grove Township in May 2024, up by 75.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 50% were sold at asking, and 7% were sold over asking.
Days on Market for Center Grove Township, NC
How long does it take to sell a home in Center Grove Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 57 Days | +85.5% |
Summary: Homes in Center Grove Township had an average of 57 days on market in May 2024, up by 85.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Center Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Center Grove Township; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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