Is Cotton 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, Cotton Grove Township has remained a Seller's Market.
Key Takeaway
Cotton Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cotton Grove Township, NC
How much do homes in Cotton Grove Township, NC cost?
Median Sold Price
$312,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cotton Grove Township have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Cotton Grove Township was $312,500 in March 2024, down 1.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250.4K | $222.5K | -11.2% |
| 2 Bedrooms | $350K | $351.5K | 0.4% |
| 3 Bedrooms | $275K | $293.5K | +6.7% |
| 4 Bedrooms | $322.9K | $328K | +1.6% |
| 5+ Bedrooms | $529K | - | N/A |
Summary: Cotton Grove Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lexington | $229.9K | $280.7K | +22.1% |
| Linwood | $223.7K | $265K | +18.5% |
| Silver Hill Township | $298.8K | $310K | +3.7% |
| Cotton Grove Township | $317.9K | $312.5K | -1.7% |
Housing Supply in Cotton Grove Township, NC
How many homes are available in Cotton Grove Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 44 | +4.8% |
Summary: The Cotton Grove Township real estate market had 44 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 32 | 33 | +3.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cotton 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 increased by 40%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cotton Grove Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Cotton Grove Township in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Cotton Grove Township, NC
How long does it take to sell a home in Cotton Grove Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 112 Days | +106.2% |
Summary: Homes in Cotton Grove Township had an average of 112 days on market in Mar 2024, up by 106.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cotton Grove Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 10 homes were sold in Cotton Grove Township; 30% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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