Is Oak 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, Oak Grove Township has remained a Seller's Market.
Housing Prices in Oak Grove Township, NC
How much do homes in Oak Grove Township, NC cost?
Median Sold Price
$384,460
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oak Grove Township was $384,460 in March 2024, down 2.2% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $255K | $275K | +7.8% |
3 Bedrooms | $370K | $355K | -4.1% |
4 Bedrooms | $465.2K | $450.4K | -3.2% |
5+ Bedrooms | $538K | $527K | -2.0% |
Summary: Oak Grove Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
Carr Township | $480.8K | $511.5K | +6.4% |
Lebanon Township | $400K | $415K | +3.8% |
Durham | $406.5K | $414.8K | +2.1% |
Durham Township | $406K | $410.7K | +1.2% |
Oak Grove Township | $393.2K | $384.4K | -2.2% |
Housing Supply in Oak Grove Township, NC
How many homes are available in Oak Grove Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
215 | 199 | -7.4% |
Summary: The Oak Grove Township real estate market had 199 homes for sale in March 2024, a 7.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 120 | 113 | -5.8% |
4 Bedrooms | 66 | 57 | -13.6% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Oak 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 10.5%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 56 | -11.1% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Oak Grove Township in March 2024, down by 11.1% month-over-month. Of the 56 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Oak Grove Township, NC
How long does it take to sell a home in Oak Grove Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
95 Days | 90 Days | -5.3% |
Summary: Homes in Oak Grove Township had an average of 90 days on market in Mar 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 56 homes were sold in Oak Grove Township; 9% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.