Is China Grove Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing China Grove Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, China Grove Township has remained a Seller's Market.

Key Takeaway

China Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in China Grove Township, NC

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

Median Sold Price

$282,625

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$2,725(+1.0%)

Key Takeaway

Homes in China Grove Township have sold for 1% more than they did a year ago.

Summary: The median home sold price in China Grove Township was $282,625 in September 2024, up 1% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $113.5K$160K
+41.0%
2 $189.9K$218.5K
+15.1%
3 $285K$298.9K
+4.9%
4 $353.2K$354.9K
0.5%
5+ $377K$385K
+2.1%

Summary: China Grove Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Cities

China Grove
+9.1%
Landis
+8.1%
Litaker Township
+7.5%
Kannapolis
+3.7%
China Grove Township
+1.0%

Housing Supply in China Grove Township, NC

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
177173-2.3%

Summary: The China Grove Township real estate market had 173 homes for sale in September 2024, a 2.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 3231
-3.1%
3 110110
0.0%
4 3026
-13.3%
5+ 56
+20.0%

Summary: The China Grove Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3840+5.3%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in China Grove Township, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in China Grove Township in September 2024, up by 5.3% month-over-month. Of the 40 sold homes, 53% were sold under asking, 30% were sold at asking, and 18% 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

Sep 2023Sep 2024CHANGE
42 Days37 Days-11.1%

Summary: Homes in China Grove Township had an average of 37 days on market in Sep 2024, down by 11.1% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in China Grove Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 40 homes were sold in China Grove Township; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in China Grove Township, NC

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