Is Oakboro, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakboro is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Oakboro has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Oakboro, NC

How much do homes in Oakboro, NC cost?

Median Sold Price

$335,500

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$1,500(-0.4%)

Key Takeaway

The sold price of homes in Oakboro has remained the same since last year.

Summary: The median home sold price in Oakboro was $335,500 in May 2024, down 0.4% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $175K$245K
+40.0%
3 $287.5K$330K
+14.8%
4 $382K$366.5K
-4.1%
5+ $345K$424.4K
+23.0%

Summary: Oakboro 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 40%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 23%.

Median Sold Price Compared To Nearby Cities

Furr Township
+5.5%
Big Lick Township
+2.0%
Oakboro
-0.4%

Housing Supply in Oakboro, NC

How many homes are available in Oakboro, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2628+7.7%

Summary: The Oakboro real estate market had 28 homes for sale in May 2024, a 7.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1921
+10.5%
4 44
0.0%
5+ 21
-50.0%

Summary: The Oakboro 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 100%, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
110+900.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakboro, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Oakboro in May 2024, up by 900.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.

Days on Market for Oakboro, NC

How long does it take to sell a home in Oakboro, NC?

Average Sale Time

May 2023May 2024CHANGE
24 Days46 Days+87.0%

Summary: Homes in Oakboro had an average of 46 days on market in May 2024, up by 87% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 10 homes were sold in Oakboro; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 1 Day Ago

Newest Listings in Oakboro, NC

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