Is China 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, China Grove Township has remained a Seller's Market.
Housing Prices in China Grove Township, NC
How much do homes in China Grove Township, NC cost?
Median Sold Price
$280,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in China Grove Township was $280,000 in April 2024, up 1.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101K | $164.5K | +62.9% |
2 Bedrooms | $184.9K | $213K | +15.2% |
3 Bedrooms | $289.5K | $290K | 0.1% |
4 Bedrooms | $350K | $340K | -2.9% |
5+ Bedrooms | $370.9K | $425K | +14.6% |
Summary: China Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.9%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
Landis | $277.6K | $293.5K | +5.7% |
China Grove | $274.9K | $290K | +5.5% |
Kannapolis | $289.6K | $295K | +1.8% |
China Grove Township | $277K | $280K | +1.1% |
Litaker Township | $321.7K | $300K | -6.8% |
Housing Supply in China Grove Township, NC
How many homes are available in China Grove Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
149 | 150 | +0.7% |
Summary: The China Grove Township real estate market had 150 homes for sale in April 2024, a 0.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 33 | 35 | +6.1% |
3 Bedrooms | 88 | 81 | -8.0% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The China Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 39 | 0.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in China Grove Township in April 2024, the same as the previous month. Of the 39 sold homes, 51% were sold under asking, 36% were sold at asking, and 13% were sold over asking.
Days on Market for China Grove Township, NC
How long does it take to sell a home in China Grove Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 59 Days | +99.1% |
Summary: Homes in China Grove Township had an average of 59 days on market in Apr 2024, up by 99.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in China Grove Township; 49% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.