Is Oriental, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oriental was a Neutral Market.
Key Takeaway
Oriental is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oriental, NC
How much do homes in Oriental, NC cost?
Median Sold Price
$436,500
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oriental have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Oriental was $436,500 in April 2024, down 0.8% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $429K | +80.6% |
| 2 Bedrooms | $270K | $325K | +20.4% |
| 3 Bedrooms | $530K | $450K | -15.1% |
| 4 Bedrooms | $893.7K | $529.2K | -40.8% |
| 5+ Bedrooms | $320K | $500K | +56.3% |
Summary: Oriental housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.6%, 2 bedroom homes increased by 20.4%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes decreased by 40.8%, and 5+ bedroom homes increased by 56.3%.
Housing Supply in Oriental, NC
How many homes are available in Oriental, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 51 | +8.5% |
Summary: The Oriental real estate market had 51 homes for sale in April 2024, a 8.5% 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 | 8 | 10 | +25.0% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Oriental 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 25%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oriental, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Oriental in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Oriental, NC
How long does it take to sell a home in Oriental, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 108 Days | +39.3% |
Summary: Homes in Oriental had an average of 108 days on market in Apr 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oriental are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Oriental; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.