$225,000
1.83 Acres
Land
Lori Marie Hill, James Hill, Listing Office: LPT Realty, LLC
Is Cedar Grove Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cedar Grove Township has remained a Seller's Market.
Key Takeaway
Cedar Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Grove Township, NC
How much do homes in Cedar Grove Township, NC cost?
Median Sold Price
$480,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+3.2%)
Key Takeaway
Homes in Cedar Grove Township have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Cedar Grove Township was $480,000 in November 2024, up 3.2% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $379.5K | $390K | +2.8% |
| 3 Bedrooms | $439K | $401.7K | -8.5% |
| 4 Bedrooms | $843.2K | $825K | -2.2% |
| 5+ Bedrooms | $740K | $805K | +8.8% |
Summary: Cedar Grove Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Cedar Grove Township | $465K | $480K | +3.2% |
| Efland | $540K | $449K | -16.9% |
Housing Supply in Cedar Grove Township, NC
How many homes are available in Cedar Grove Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Cedar Grove Township real estate market had 13 homes for sale in November 2024, a 18.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedar Grove Township housing inventory by bedroom type for November 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 40%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Grove Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cedar Grove Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Grove Township, NC
How long does it take to sell a home in Cedar Grove Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 43 Days | -39.6% |
Summary: Homes in Cedar Grove Township had an average of 43 days on market in Nov 2024, down by 39.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Cedar Grove Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.