Is Oak Ridge Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oak Ridge Township is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Oak Ridge Township has remained a Seller's Market.

Key Takeaway

Oak Ridge Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Oak Ridge Township, NC cost?

Median Sold Price

$543,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$68,033(+14.3%)

Key Takeaway

Homes in Oak Ridge Township have sold for 14.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $165K-
N/A
2 $180K$263.9K
+46.6%
3 $315K$417.5K
+32.5%
4 $559.5K$612.9K
+9.6%
5+ $875.5K$910K
+3.9%

Median Sold Price Compared To Nearby Cities

Stokesdale
+27.5%
Bruce Township
+27.1%
Belews Creek
+17.5%
Oak Ridge Township
+14.3%
Oak Ridge
+3.6%

How many homes are available in Oak Ridge Township, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
8275-8.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 2725
-7.4%
4 5550
-9.1%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1325+92.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak Ridge Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days18 Days-18.7%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oak Ridge Township 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.

About Oak Ridge Township, NC

Oak Ridge Township, NC has 75 homes on the market. The inventory of homes for sale in Oak Ridge Township, NC between October 2022 and November 2022 decreased by 8.5%. In November 2022 median list price was $543,000 and the average listing age was 18 days. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 46.6%, prices of 3 bedrooms properties went up by 32.5%, 4 bedrooms properties prices increased by 9.6%, the cost of 5 bedrooms properties went up by 3.9%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 7.4%, 4 bedrooms homes became 9.1% less available, the quantity of 5 bedrooms homes have not changed. While more than 5 listings in Oak Ridge Township, NC in November 2022 were sold above asking price, there were more than 10 listings sold at asking price, and more than 10 were sold below.

Related Housing Market Reports