Is Four Oaks, 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, Four Oaks has remained a Seller's Market.
Housing Prices in Four Oaks, NC
How much do homes in Four Oaks, NC cost?
Median Sold Price
$328,995
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Four Oaks was $328,995 in April 2024, up 4.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $223K | $248K | +11.2% |
3 Bedrooms | $314.9K | $314.9K | 0.0% |
4 Bedrooms | $390K | $428.5K | +9.9% |
5+ Bedrooms | $355K | - | N/A |
Summary: Four Oaks 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 11.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Ingrams Township | $297.1K | $319K | +7.4% |
Four Oaks | $315K | $328.9K | +4.4% |
Housing Supply in Four Oaks, NC
How many homes are available in Four Oaks, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 44 | -13.7% |
Summary: The Four Oaks real estate market had 44 homes for sale in April 2024, a 13.7% decrease 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 | 2 | 1 | -50.0% |
3 Bedrooms | 36 | 32 | -11.1% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Four Oaks 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 decreased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Four Oaks in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 54% were sold at asking, and 23% were sold over asking.
Days on Market for Four Oaks, NC
How long does it take to sell a home in Four Oaks, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
124 Days | 77 Days | -37.5% |
Summary: Homes in Four Oaks had an average of 77 days on market in Apr 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Four Oaks; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.