Is Oak Ridge 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 Ridge Township has remained a Seller's Market.
Housing Prices in Oak Ridge Township, NC
How much do homes in Oak Ridge Township, NC cost?
Median Sold Price
$587,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oak Ridge Township was $587,500 in March 2024, up 4.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $157K | N/A |
2 Bedrooms | $233K | $235K | +0.9% |
3 Bedrooms | $400K | $429.9K | +7.5% |
4 Bedrooms | $627.5K | $675K | +7.6% |
5+ Bedrooms | $921.4K | $615K | -33.3% |
Summary: Oak Ridge 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 0.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 33.3%.
Median Sold Price Compared To Nearby Cities
Oak Ridge | $583K | $640K | +9.8% |
Oak Ridge Township | $559.9K | $587.5K | +4.9% |
Bruce Township | $557.7K | $574.7K | +3.0% |
Stokesdale | $499.9K | $458K | -8.4% |
Housing Supply in Oak Ridge Township, NC
How many homes are available in Oak Ridge Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 88 | +3.5% |
Summary: The Oak Ridge Township real estate market had 88 homes for sale in March 2024, a 3.5% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 63 | 61 | -3.2% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Oak Ridge 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 remained the same, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Oak Ridge Township in March 2024, up by 11.1% month-over-month. Of the 20 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Oak Ridge Township, NC
How long does it take to sell a home in Oak Ridge Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 98 Days | +44.8% |
Summary: Homes in Oak Ridge Township had an average of 98 days on market in Mar 2024, up by 44.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Oak Ridge Township; 35% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.