Is China Grove, 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, China Grove has remained a Seller's Market.
Key Takeaway
China Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in China Grove, NC
How much do homes in China Grove, NC cost?
Median Sold Price
$290,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in China Grove have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in China Grove was $290,000 in April 2024, up 5.5% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $157.5K | +26.0% |
| 2 Bedrooms | $178.7K | $222.5K | +24.5% |
| 3 Bedrooms | $275K | $295K | +7.3% |
| 4 Bedrooms | $326.7K | $342.5K | +4.8% |
| 5+ Bedrooms | $402.5K | $667.5K | +65.8% |
Summary: China Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 65.8%.
Median Sold Price Compared To Nearby Cities
| Landis | $277.6K | $293.5K | +5.7% |
| China Grove | $274.9K | $290K | +5.5% |
| China Grove Township | $277K | $280K | +1.1% |
Housing Supply in China Grove, NC
How many homes are available in China Grove, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 66 | +3.1% |
Summary: The China Grove real estate market had 66 homes for sale in April 2024, a 3.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 43 | 39 | -9.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The China Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in China Grove, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in China Grove in April 2024, down by 15.8% month-over-month. Of the 16 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for China Grove, NC
How long does it take to sell a home in China Grove, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 71 Days | +101.8% |
Summary: Homes in China Grove had an average of 71 days on market in Apr 2024, up by 101.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in China Grove are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in China Grove; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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