Is Cedar Grove Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cedar Grove Township has remained a Seller's Market.
Housing Prices in Cedar Grove Township, NC
How much do homes in Cedar Grove Township, NC cost?
Median Sold Price
$515,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cedar Grove Township was $515,000 in April 2024, up 20.4% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $560K | - | N/A |
2 Bedrooms | $427.5K | $305K | -28.7% |
3 Bedrooms | $399K | $469K | +17.5% |
4 Bedrooms | $760K | $582.5K | -23.4% |
5+ Bedrooms | - | $800K | N/A |
Summary: Cedar Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.7%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 23.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cedar Grove Township | $427.7K | $515K | +20.4% |
Efland | $375K | $425K | +13.3% |
Hurdle Mills | $367.5K | $410K | +11.6% |
Cedar Grove | $402.5K | $389.5K | -3.2% |
Housing Supply in Cedar Grove Township, NC
How many homes are available in Cedar Grove Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 26 | 0.0% |
Summary: The Cedar Grove Township real estate market had 26 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 5 | 0 | -100.0% |
Summary: The Cedar Grove Township housing inventory by bedroom type for April 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 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Cedar Grove Township in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Cedar Grove Township, NC
How long does it take to sell a home in Cedar Grove Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
112 Days | 33 Days | -70.1% |
Summary: Homes in Cedar Grove Township had an average of 33 days on market in Apr 2024, down by 70.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Cedar Grove Township; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.