Is Shady Grove 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, Shady Grove Township has remained a Seller's Market.
Key Takeaway
Shady Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shady Grove Township, NC
How much do homes in Shady Grove Township, NC cost?
Median Sold Price
$410,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Shady Grove Township have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Shady Grove Township was $410,000 in March 2024, down 1.2% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $2.0M | $980K | -51.0% |
| 2 Bedrooms | $184K | $180K | -2.2% |
| 3 Bedrooms | $359.9K | $385K | +7.0% |
| 4 Bedrooms | $547.5K | $597.5K | +9.1% |
| 5+ Bedrooms | $875K | $841.8K | -3.8% |
Summary: Shady Grove Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Advance | $370K | $385.5K | +4.2% |
| Farmington Township | $358.5K | $363.7K | +1.5% |
| Shady Grove Township | $415K | $410K | -1.2% |
| Hampton Township | $459.9K | $433.5K | -5.7% |
Housing Supply in Shady Grove Township, NC
How many homes are available in Shady Grove Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Shady Grove Township real estate market had 14 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Shady Grove Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shady Grove Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Shady Grove Township in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Shady Grove Township, NC
How long does it take to sell a home in Shady Grove Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 20 Days | -10.3% |
Summary: Homes in Shady Grove Township had an average of 20 days on market in Mar 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shady Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Shady Grove Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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