$8,301 Closing Credit*
$699,000
3,361 SqFt
4 Beds
•2 Full Baths, 1 Partial
Timothy Gaster, Listing Office: Phelps Realty
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 Last Month
Since last month, 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
$289,000
$195/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$210,000(-42.1%)
Key Takeaway
Homes in Cedar Grove Township have sold for 42.1% less than they did a month ago.
Summary: The median home sold price in Cedar Grove Township was $289,000 in December 2024, down 42.1% from last month, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $607.5K | $285K | -53.1% |
| 3 Bedrooms | $499K | $292K | -41.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Cedar Grove Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 53.1%, 3 bedroom homes decreased by 41.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cedar Grove Township | $499K | $289K | -42.1% |
| Efland | $468.5K | $262K | -44.1% |
| Cedar Grove | $699.5K | $285K | -59.3% |
Housing Supply in Cedar Grove Township, NC
How many homes are available in Cedar Grove Township, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Cedar Grove Township real estate market had 12 homes for sale in December 2024, a 14.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedar Grove Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Grove Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cedar Grove Township in December 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 43 Days | 68 Days | +56.5% |
Summary: Homes in Cedar Grove Township had an average of 68 days on market in Dec 2024, up by 56.5% compared to last month.
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 December 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.
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