Is Red Oak Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Red Oak Township was a Buyer's Market.
Key Takeaway
Red Oak Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Red Oak Township, NC
How much do homes in Red Oak Township, NC cost?
Median Sold Price
$388,500
$163/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Red Oak Township have sold for 69% more than they did a month ago.
Summary: The median home sold price in Red Oak Township was $388,500 in April 2024, up 69% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $228.5K | - | N/A |
| 3 Bedrooms | $237.4K | $330K | +39.0% |
| 4 Bedrooms | - | $388.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Red Oak Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 39%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Red Oak Township | $229.9K | $388.5K | +69.0% |
| Red Oak | $229.9K | $382.2K | +66.3% |
Housing Supply in Red Oak Township, NC
How many homes are available in Red Oak Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The Red Oak Township real estate market had 36 homes for sale in April 2024, a 2.9% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Red Oak 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Oak Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Red Oak Township in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Red Oak Township, NC
How long does it take to sell a home in Red Oak Township, NC?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 106 Days | 39 Days | -62.4% |
Summary: Homes in Red Oak Township had an average of 39 days on market in Apr 2024, down by 62.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Red Oak Township has remained consistent over time.
Summary: During April 2024, 6 homes were sold in Red Oak Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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