Is China Grove, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, China Grove has remained a Seller's Market.
Key Takeaway
China Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in China Grove, NC
How much do homes in China Grove, NC cost?
Median Sold Price
$285,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in China Grove have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in China Grove was $285,000 in March 2024, up 5.2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $157.5K | +12.5% |
| 2 Bedrooms | $180K | $205.5K | +14.2% |
| 3 Bedrooms | $274.9K | $290K | +5.5% |
| 4 Bedrooms | $326.7K | $360K | +10.2% |
| 5+ Bedrooms | $375K | $450K | +20.0% |
Summary: China Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
| Landis | $275.1K | $293.5K | +6.7% |
| China Grove | $271K | $285K | +5.2% |
| China Grove Township | $277.1K | $279.9K | +1.0% |
Housing Supply in China Grove, NC
How many homes are available in China Grove, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 66 | +1.5% |
Summary: The China Grove real estate market had 66 homes for sale in March 2024, a 1.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 45 | 45 | 0.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The China Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in China Grove, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in China Grove in March 2024, up by 20.0% month-over-month. Of the 18 sold homes, 83% were sold under asking, 6% were sold at asking, and 11% were sold over asking.
Days on Market for China Grove, NC
How long does it take to sell a home in China Grove, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 50 Days | +68.8% |
Summary: Homes in China Grove had an average of 50 days on market in Mar 2024, up by 68.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in China Grove are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in China Grove; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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