Is Four Oaks, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Four Oaks is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Four Oaks has remained a Seller's Market.

Key Takeaway

Four Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Four Oaks, NC cost?

Median Sold Price

$314,900

$198/sqft

Based on all homes sold in May 2023.

The Median Sold Price hasn't changed since April 2023.

Key Takeaway

The sold price of homes in Four Oaks has remained the same since last month.

Median Sold Price By Bedroom Count

# BEDSApr 2023May 2023%
1 --
N/A
2 -$184K
N/A
3 $314.9K$314.9K
0.0%
4 $325K$462.4K
+42.3%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Ingrams Township
+20.8%
Four Oaks
0.0%

How many homes are available in Four Oaks, NC?

Number of Homes For Sale

Apr 2023May 2023%
7761-20.8%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 22
0.0%
3 5743
-24.6%
4 1816
-11.1%
5+ 00
0.0%

Number of Homes Sold

Apr 2023May 2023%
25250.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Four Oaks, expect to pay close to the asking price. 56% of homes here sold near the asking price last month.

How long does it take to sell a home in Four Oaks, NC?

How long does it take to sell a home in Four Oaks, NC?

Average Sale Time

Apr 2023May 2023%
11 Days5 Days-53.2%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Four Oaks are selling fast, if you're buying plan to act quickly.

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

What housing markets are near Four Oaks, NC?

About Four Oaks, NC

There are 61 homes are for sale in Four Oaks, NC real estate market. In May 2023 in Four Oaks, NC there were 20.8% less homes for sale than in April 2023. While the average time on the market in May 2023 was 5 days, the median list price was $314,900. Real estate listing prices changed between May 2022 and May 2023: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, 3 bedrooms properties prices did not change, 4 bedrooms properties became 42.3% more expensive, 5 bedrooms properties became 0% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 24.6%, volume of 4 bedrooms homes went down by 11.1%, volume of 5 bedrooms homes stayed the same. In May 2023 more than 4 listings in Four Oaks, NC were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 7 were sold below.