Is Grove Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Grove Township was a Seller's Market.
Key Takeaway
Grove Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grove Township, NC
How much do homes in Grove Township, NC cost?
Median Sold Price
$265,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Grove Township have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Grove Township was $265,000 in April 2024, up 1.9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $164.9K | $197K | +19.4% |
| 3 Bedrooms | $270K | $264.9K | -1.9% |
| 4 Bedrooms | $404.5K | $499.5K | +23.5% |
| 5+ Bedrooms | $522K | $575K | +10.2% |
Summary: Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Coats | $220K | $258K | +17.3% |
| Neills Creek Township | $359.9K | $376K | +4.4% |
| Grove Township | $260K | $265K | +1.9% |
| Benson | $350K | $350K | 0.0% |
| Banner Township | $337.2K | $329.9K | -2.2% |
Housing Supply in Grove Township, NC
How many homes are available in Grove Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 41 | -10.9% |
Summary: The Grove Township real estate market had 41 homes for sale in April 2024, a 10.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 4 | -69.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grove Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Grove Township in April 2024, down by 69.2% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Grove Township, NC
How long does it take to sell a home in Grove Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 72 Days | 41 Days | -43.6% |
Summary: Homes in Grove Township had an average of 41 days on market in Apr 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Grove Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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