Is Oak Grove Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oak Grove Township has remained a Seller's Market.
Housing Prices in Oak Grove Township, NC
How much do homes in Oak Grove Township, NC cost?
Median Sold Price
$379,250
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Grove Township was $379,250 in April 2024, down 3.1% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $265K | $275.5K | +4.0% |
3 Bedrooms | $367.7K | $350K | -4.8% |
4 Bedrooms | $460K | $451.2K | -1.9% |
5+ Bedrooms | $532K | $540K | +1.5% |
Summary: Oak Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
Carr Township | $482K | $515K | +6.8% |
Lebanon Township | $399K | $424K | +6.3% |
Durham | $404.9K | $414.9K | +2.5% |
Durham Township | $404.4K | $411.2K | +1.7% |
Oak Grove Township | $391.4K | $379.2K | -3.1% |
Housing Supply in Oak Grove Township, NC
How many homes are available in Oak Grove Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
207 | 201 | -2.9% |
Summary: The Oak Grove Township real estate market had 201 homes for sale in April 2024, a 2.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 111 | 115 | +3.6% |
4 Bedrooms | 65 | 52 | -20.0% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Oak Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 64 | +12.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Oak Grove Township in April 2024, up by 12.3% month-over-month. Of the 64 sold homes, 33% were sold under asking, 34% were sold at asking, and 33% were sold over asking.
Days on Market for Oak Grove Township, NC
How long does it take to sell a home in Oak Grove Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 52 Days | -29.6% |
Summary: Homes in Oak Grove Township had an average of 52 days on market in Apr 2024, down by 29.6% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 64 homes were sold in Oak Grove Township; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.