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 October 2021

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.

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

Median Sold Price

$394,500

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$126,189(+47.0%)

Key Takeaway

Homes in Cedar Grove Township have sold for 47% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $128K$415K
+224.2%
3 $240K$390K
+62.5%
4 $580K$370K
-36.2%
5+ $709K-
N/A

Median Sold Price Compared To Nearby Cities

Cedar Grove Township
+47.0%
Cheeks Township
+36.2%

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

Number of Homes For Sale

Sep 2022Oct 2022%
990.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 11
0.0%
3 66
0.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar Grove Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
42 Days22 Days-46.8%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was 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.

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

About Cedar Grove Township, NC

Homes for sale in Cedar Grove Township, NC have reached 9. The median list price of listings available in October 2022 was $394,500, while the average time on the real estate market was 22 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 224.2%, 3 bedrooms properties prices increased by 62.5%, prices of 4 bedrooms properties went down by 36.2%, the cost of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory did not change, 4 bedrooms homes inventory did not change, 5 bedrooms homes did not move. While more than 1 listings in Cedar Grove Township, NC in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.

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