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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oriental is a neutral's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Oriental is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Oriental, NC

How much do homes in Oriental, NC cost?

Median Sold Price

$436,500

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$13,500(-3.0%)

Key Takeaway

Homes in Oriental have sold for 3% less than they did a year ago.

Summary: The median home sold price in Oriental was $436,500 in February 2024, down 3% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $237.5K$438K
+84.4%
2 $255K$325K
+27.5%
3 $499K$454.5K
-8.9%
4 $835K$529.2K
-36.6%
5+ $320K$500K
+56.3%

Summary: Oriental housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.4%, 2 bedroom homes increased by 27.5%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 36.6%, and 5+ bedroom homes increased by 56.3%.

Housing Supply in Oriental, NC

How many homes are available in Oriental, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3844+15.8%

Summary: The Oriental real estate market had 44 homes for sale in February 2024, a 15.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 99
0.0%
3 2129
+38.1%
4 54
-20.0%
5+ 21
-50.0%

Summary: The Oriental housing inventory by bedroom type for February 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 38.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

7 Homes Were 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 Oriental, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Oriental in February 2024, up by 40.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Feb 2023Feb 2024CHANGE
73 Days114 Days+55.6%

Summary: Homes in Oriental had an average of 114 days on market in Feb 2024, up by 55.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Oriental are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 7 homes were sold in Oriental; 0% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 57% 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 27 Days Ago

Newest Listings in Oriental, NC

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