Is Deep River 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, Deep River Township has remained a Seller's Market.
Key Takeaway
Deep River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deep River Township, NC
How much do homes in Deep River Township, NC cost?
Median Sold Price
$381,166
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Deep River Township have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Deep River Township was $381,166 in April 2024, down 4.2% 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 | - | - | N/A |
| 2 Bedrooms | $225K | $251.2K | +11.7% |
| 3 Bedrooms | $325K | $340K | +4.6% |
| 4 Bedrooms | $425K | $420K | -1.2% |
| 5+ Bedrooms | $450K | $458.9K | +2.0% |
Summary: Deep River 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 increased by 11.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Oak Ridge | $570K | $639.9K | +12.3% |
| Kernersville | $325K | $339.9K | +4.6% |
| Friendship Township | $280K | $277K | -1.1% |
| Deep River Township | $398K | $381.1K | -4.2% |
| Colfax | $425K | $406.2K | -4.4% |
Housing Supply in Deep River Township, NC
How many homes are available in Deep River Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 93 | 100 | +7.5% |
Summary: The Deep River Township real estate market had 100 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 41 | 49 | +19.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Deep River 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 increased by 22.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 34 | +70.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deep River Township, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Deep River Township in April 2024, up by 70.0% month-over-month. Of the 34 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for Deep River Township, NC
How long does it take to sell a home in Deep River Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 35 Days | -31.0% |
Summary: Homes in Deep River Township had an average of 35 days on market in Apr 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Deep River Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in Deep River Township; 56% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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