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 June 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
$380,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Oak Grove Township was $380,000 in June 2024, down 1.9% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $255K | $310K | +21.6% |
3 Bedrooms | $358.6K | $354.2K | -1.2% |
4 Bedrooms | $450K | $451.1K | 0.2% |
5+ Bedrooms | $518K | $535K | +3.3% |
Summary: Oak Grove Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Carr Township | $476.1K | $515K | +8.2% |
Lebanon Township | $395K | $424.9K | +7.6% |
Durham | $400.8K | $417.5K | +4.2% |
Durham Township | $400K | $415K | +3.7% |
Oak Grove Township | $387.1K | $380K | -1.9% |
Housing Supply in Oak Grove Township, NC
How many homes are available in Oak Grove Township, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
236 | 198 | -16.1% |
Summary: The Oak Grove Township real estate market had 198 homes for sale in June 2024, a 16.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 28 | 24 | -14.3% |
3 Bedrooms | 127 | 104 | -18.1% |
4 Bedrooms | 62 | 58 | -6.5% |
5+ Bedrooms | 18 | 11 | -38.9% |
Summary: The Oak Grove Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 38.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
73 | 50 | -31.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Oak Grove Township in June 2024, down by 31.5% month-over-month. Of the 50 sold homes, 38% were sold under asking, 26% were sold at asking, and 36% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
58 Days | 29 Days | -49.2% |
Summary: Homes in Oak Grove Township had an average of 29 days on market in Jun 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 50 homes were sold in Oak Grove Township; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.