Is Center 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, Center Grove Township has remained a Seller's Market.
Key Takeaway
Center Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Center Grove Township, NC
How much do homes in Center Grove Township, NC cost?
Median Sold Price
$632,080
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Center Grove Township have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Center Grove Township was $632,080 in April 2024, up 1.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $177.5K | $267.5K | +50.7% |
| 3 Bedrooms | $390K | $421K | +7.9% |
| 4 Bedrooms | $669.9K | $689.8K | +3.0% |
| 5+ Bedrooms | $659.9K | $627.9K | -4.8% |
Summary: Center 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 50.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Greensboro | $265K | $276.2K | +4.2% |
| Bruce Township | $557.7K | $574.7K | +3.0% |
| Center Grove Township | $625K | $632K | +1.1% |
| Monroe Township | $374.9K | $378.2K | +0.9% |
| Summerfield | $581.5K | $572K | -1.6% |
Housing Supply in Center Grove Township, NC
How many homes are available in Center Grove Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The Center Grove Township real estate market had 45 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Center 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Center Grove Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Center Grove Township in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Center Grove Township, NC
How long does it take to sell a home in Center Grove Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 21 Days | -67.9% |
Summary: Homes in Center Grove Township had an average of 21 days on market in Apr 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Center Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Center Grove Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.