Is White Oak 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, White Oak Township has remained a Seller's Market.
Key Takeaway
White Oak Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in White Oak Township, NC
How much do homes in White Oak Township, NC cost?
Median Sold Price
$588,592
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in White Oak Township have sold for 2% more than they did a year ago.
Summary: The median home sold price in White Oak Township was $588,592 in May 2024, up 2% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.5K | $269.9K | +6.9% |
| 2 Bedrooms | $380.8K | $365.1K | -4.1% |
| 3 Bedrooms | $465.3K | $492.4K | +5.8% |
| 4 Bedrooms | $589.9K | $635K | +7.6% |
| 5+ Bedrooms | $948.9K | $946.6K | -0.2% |
Summary: White Oak Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Cary | $562.7K | $596.6K | +6.0% |
| Buckhorn Township | $615K | $643.1K | +4.6% |
| Apex | $575K | $589K | +2.4% |
| White Oak Township | $576.7K | $588.5K | +2.0% |
| Holly Springs Township | $576.2K | $571.5K | -0.8% |
Housing Supply in White Oak Township, NC
How many homes are available in White Oak Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 374 | 379 | +1.3% |
Summary: The White Oak Township real estate market had 379 homes for sale in May 2024, a 1.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 126 | 137 | +8.7% |
| 4 Bedrooms | 125 | 129 | +3.2% |
| 5+ Bedrooms | 104 | 93 | -10.6% |
Summary: The White Oak 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 6.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 10.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 128 | 126 | -1.6% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in White Oak Township, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 126 homes were sold or pending in White Oak Township in May 2024, down by 1.6% month-over-month. Of the 126 sold homes, 29% were sold under asking, 15% were sold at asking, and 56% were sold over asking.
Days on Market for White Oak Township, NC
How long does it take to sell a home in White Oak Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 6 Days | -90.1% |
Summary: Homes in White Oak Township had an average of 6 days on market in May 2024, down by 90.1% compared to last year.
Breakdown of Home Sale Times
121 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in White Oak Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 126 homes were sold in White Oak Township; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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