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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedar Grove Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Cedar Grove Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cedar Grove Township, NC

How much do homes in Cedar Grove Township, NC cost?

Median Sold Price

$300,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$35,000(+13.2%)

Key Takeaway

Homes in Cedar Grove Township have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Cedar Grove Township was $300,000 in February 2024, up 13.2% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $169.5K$176.4K
+4.1%
3 $272.5K$301K
+10.5%
4 $370K$385K
+4.1%
5+ $452.5K$675K
+49.2%

Summary: Cedar Grove Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 49.2%.

Median Sold Price Compared To Nearby Cities

Asheboro Township
+27.2%
Asheboro
+19.6%
Cedar Grove Township
+13.2%
Grant Township
+1.8%
Back Creek Township
-2.2%

Housing Supply in Cedar Grove Township, NC

How many homes are available in Cedar Grove Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2825-10.7%

Summary: The Cedar Grove Township real estate market had 25 homes for sale in February 2024, a 10.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 2220
-9.1%
4 00
0.0%
5+ 11
0.0%

Summary: The Cedar Grove Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

1 Home Was 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 Cedar 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 6 homes were sold or pending in Cedar Grove Township in February 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.

Days on Market for Cedar Grove Township, NC

How long does it take to sell a home in Cedar Grove Township, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
55 Days20 Days-63.4%

Summary: Homes in Cedar Grove Township had an average of 20 days on market in Feb 2024, down by 63.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 6 homes were sold in Cedar Grove Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in Cedar Grove Township, NC

Nearby Markets to Cedar Grove Township, NC

What housing markets are near Cedar Grove Township, NC?