Is China Grove Township, 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 Township has remained a Seller's Market.
Housing Prices in China Grove Township, NC
How much do homes in China Grove Township, NC cost?
Median Sold Price
$279,900
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in China Grove Township was $279,900 in March 2024, up 1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $150K | +42.9% |
2 Bedrooms | $184.3K | $210K | +13.9% |
3 Bedrooms | $289.9K | $290K | 0.0% |
4 Bedrooms | $350K | $325K | -7.1% |
5+ Bedrooms | $369.8K | $475K | +28.4% |
Summary: China Grove Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 13.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 28.4%.
Median Sold Price Compared To Nearby Cities
Landis | $275.1K | $293.5K | +6.7% |
China Grove | $271K | $285K | +5.2% |
Kannapolis | $288.9K | $297K | +2.8% |
China Grove Township | $277.1K | $279.9K | +1.0% |
Litaker Township | $323.7K | $299.9K | -7.4% |
Housing Supply in China Grove Township, NC
How many homes are available in China Grove Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
149 | 154 | +3.4% |
Summary: The China Grove Township real estate market had 154 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 37 | 32 | -13.5% |
3 Bedrooms | 85 | 92 | +8.2% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The China Grove Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 37 | +32.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in China Grove Township in March 2024, up by 32.1% month-over-month. Of the 37 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for China Grove Township, NC
How long does it take to sell a home in China Grove Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 37 Days | +7.0% |
Summary: Homes in China Grove Township had an average of 37 days on market in Mar 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in China Grove Township; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.