Is Grimesland 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, Grimesland Township has remained a Seller's Market.
Key Takeaway
Grimesland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grimesland Township, NC
How much do homes in Grimesland Township, NC cost?
Median Sold Price
$302,990
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Grimesland Township have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Grimesland Township was $302,990 in April 2024, down 2.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170K | N/A |
| 2 Bedrooms | $128K | $220K | +71.9% |
| 3 Bedrooms | $270K | $287.7K | +6.6% |
| 4 Bedrooms | $390.6K | $393.4K | +0.7% |
| 5+ Bedrooms | $355K | $323.4K | -8.9% |
Summary: Grimesland 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 71.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Pactolus Township | $159K | $258K | +62.3% |
| Grimesland Township | $310K | $302.9K | -2.3% |
| Chicod Township | $342.9K | $313.9K | -8.4% |
| Grimesland | $338.5K | $285K | -15.8% |
Housing Supply in Grimesland Township, NC
How many homes are available in Grimesland Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 61 | -3.2% |
Summary: The Grimesland Township real estate market had 61 homes for sale in April 2024, a 3.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 41 | 47 | +14.6% |
| 4 Bedrooms | 20 | 13 | -35.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Grimesland 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 remained the same, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 35%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grimesland Township, expect to pay close to the asking price. 47.1% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Grimesland Township in April 2024, up by 6.3% 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 Grimesland Township, NC
How long does it take to sell a home in Grimesland Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 111 Days | +129.5% |
Summary: Homes in Grimesland Township had an average of 111 days on market in Apr 2024, up by 129.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Grimesland Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 17 homes were sold in Grimesland Township; 24% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
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