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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Grove Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Union Grove Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Union Grove Township, NC

How much do homes in Union Grove Township, NC cost?

Median Sold Price

$460,000

$161/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$110,000(+31.4%)

Key Takeaway

Homes in Union Grove Township have sold for 31.4% more than they did a month ago.

Summary: The median home sold price in Union Grove Township was $460,000 in November 2024, up 31.4% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $350K$272K
-22.3%
4 -$555K
N/A
5+ --
N/A

Summary: Union Grove Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 22.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Union Grove Township
+31.4%
Olin Township
+0.6%

Housing Supply in Union Grove Township, NC

How many homes are available in Union Grove Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1012+20.0%

Summary: The Union Grove Township real estate market had 12 homes for sale in November 2024, a 20.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 76
-14.3%
4 34
+33.3%
5+ 01
+100.0%

Summary: The Union Grove Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 3 homes were sold or pending in Union Grove Township in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Union Grove Township, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days69 Days+1280.0%

Summary: Homes in Union Grove Township had an average of 69 days on market in Nov 2024, up by 1280% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Union Grove Township has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Union Grove Township; 0% of homes were sold within 30 days, 67% 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 8 Days Ago

Newest Listings in Union Grove Township, NC

Nearby Markets to Union Grove Township, NC