Is Oriental, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oriental is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Oriental has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Oriental, NC

How much do homes in Oriental, NC cost?

Median Sold Price

$446,200

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$4,200(+1.0%)

Key Takeaway

Homes in Oriental have sold for 1% more than they did a year ago.

Summary: The median home sold price in Oriental was $446,200 in September 2024, up 1% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $250K$429K
+71.6%
2 $325K$345K
+6.2%
3 $473.2K$505K
+6.7%
4 $529.2K$576.5K
+8.9%
5+ $475K$500K
+5.3%

Summary: Oriental housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.6%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 5.3%.

Housing Supply in Oriental, NC

How many homes are available in Oriental, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4753+12.8%

Summary: The Oriental real estate market had 53 homes for sale in September 2024, a 12.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 78
+14.3%
3 3338
+15.2%
4 55
0.0%
5+ 00
0.0%

Summary: The Oriental housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oriental, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Oriental in September 2024, down by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Oriental, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
163 Days81 Days-50.3%

Summary: Homes in Oriental had an average of 81 days on market in Sep 2024, down by 50.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 9 homes were sold in Oriental; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 Sep 1, 2024

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