Is Cedar Grove Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Cedar Grove Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $169.5K | $176.4K | +4.1% |
3 Bedrooms | $272.5K | $301K | +10.5% |
4 Bedrooms | $370K | $385K | +4.1% |
5+ Bedrooms | $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 | $195.5K | $248.6K | +27.2% |
Asheboro | $209K | $249.9K | +19.6% |
Cedar Grove Township | $265K | $300K | +13.2% |
Grant Township | $275K | $279.9K | +1.8% |
Back Creek Township | $322.5K | $315.5K | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 25 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 22 | 20 | -9.1% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 6 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 20 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
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.