Is Cotton 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, Cotton Grove Township has remained a Seller's Market.
Housing Prices in Cotton Grove Township, NC
How much do homes in Cotton Grove Township, NC cost?
Median Sold Price
$312,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cotton Grove Township was $312,500 in April 2024, down 0.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250.4K | $222.5K | -11.2% |
2 Bedrooms | $350K | $357K | +2.0% |
3 Bedrooms | $275K | $293.5K | +6.7% |
4 Bedrooms | $318.4K | $329K | +3.3% |
5+ Bedrooms | $529K | - | N/A |
Summary: Cotton Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Linwood | $240K | $265K | +10.4% |
Silver Hill Township | $304.3K | $320K | +5.1% |
Lexington | $280.2K | $282.1K | +0.7% |
Cotton Grove Township | $315K | $312.5K | -0.8% |
Housing Supply in Cotton Grove Township, NC
How many homes are available in Cotton Grove Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 51 | +15.9% |
Summary: The Cotton Grove Township real estate market had 51 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 33 | 35 | +6.1% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cotton Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Cotton Grove Township in April 2024, up by 70.0% month-over-month. Of the 17 sold homes, 35% were sold under asking, 47% were sold at asking, and 18% were sold over asking.
Days on Market for Cotton Grove Township, NC
How long does it take to sell a home in Cotton Grove Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 68 Days | +49.2% |
Summary: Homes in Cotton Grove Township had an average of 68 days on market in Apr 2024, up by 49.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Cotton Grove Township; 53% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.