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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olin Township is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Olin Township was a Seller's Market.

Key Takeaway

Olin Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Olin Township, NC

How much do homes in Olin Township, NC cost?

Median Sold Price

$312,500

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,750(+6.7%)

Key Takeaway

Homes in Olin Township have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Olin Township was $312,500 in March 2024, up 6.7% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $110K$215K
+95.5%
3 $311K$340K
+9.3%
4 $186.2K$300K
+61.1%
5+ -$180K
N/A

Summary: Olin 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 95.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 61.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Turnersburg Township
+17.9%
Cool Springs Township
+11.7%
Olin Township
+6.7%
Bethany Township
+3.6%

Housing Supply in Olin Township, NC

How many homes are available in Olin Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
812+50.0%

Summary: The Olin Township real estate market had 12 homes for sale in March 2024, a 50.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 69
+50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Olin 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 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Olin Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Olin Township in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Olin Township, NC

How long does it take to sell a home in Olin Township, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
39 Days4 Days-89.8%

Summary: Homes in Olin Township had an average of 4 days on market in Mar 2024, down by 89.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Olin Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Olin Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Olin Township, NC

Nearby Markets to Olin Township, NC

What housing markets are near Olin Township, NC?