Is Balsam Grove, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Balsam Grove is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Balsam Grove has remained a Seller's Market.

Key Takeaway

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

How much do homes in Balsam Grove, NC cost?

Median Sold Price

$171,000

$119/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

-$87,000(-33.7%)

Key Takeaway

Homes in Balsam Grove have sold for 33.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 --
N/A
2 --
N/A
3 $258K$171K
-33.7%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Balsam Grove
-33.7%
Gloucester Township
-33.7%

How many homes are available in Balsam Grove, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
440.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 12
+100.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Balsam Grove, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2022Nov 2022%
3 Days5 Days+66.7%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Balsam Grove, NC

Balsam Grove, NC has 4 homes for sale to choose from. In November 2022 median list price was $171,000 and the average listing age was 5 days. From November 2021 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 0%, 3 bedrooms properties became 33.7% more cheaper, 4 bedrooms properties became 0% more expensive, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 100%, number of 3 bedrooms homes decreased by 33.3%, volume of 4 bedrooms homes stayed the same, number of 5 bedrooms homes remained the same. Over 0 listings were sold over their listed price in November 2022 in Balsam Grove, NC. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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