Is China Grove, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing China Grove is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, China Grove was a Seller's Market.

Key Takeaway

China Grove 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 China Grove, NC

How much do homes in China Grove, NC cost?

Median Sold Price

$299,900

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,900(+9.1%)

Key Takeaway

Homes in China Grove have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in China Grove was $299,900 in November 2024, up 9.1% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K$157.5K
+26.0%
2 $201K$230K
+14.4%
3 $275K$305.5K
+11.1%
4 $357.5K$412.9K
+15.5%
5+ $450K$388.9K
-13.6%

Summary: China Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 13.6%.

Median Sold Price Compared To Nearby Cities

China Grove
+9.1%
Landis
+6.7%
China Grove Township
+3.9%

Housing Supply in China Grove, NC

How many homes are available in China Grove, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7068-2.9%

Summary: The China Grove real estate market had 68 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 02
+100.0%
2 1512
-20.0%
3 4040
0.0%
4 1212
0.0%
5+ 32
-33.3%

Summary: The China Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2011-45.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in China Grove, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in China Grove in November 2024, down by 45.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.

Days on Market for China Grove, NC

How long does it take to sell a home in China Grove, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days26 Days+16.9%

Summary: Homes in China Grove had an average of 26 days on market in Nov 2024, up by 16.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in China Grove are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in China Grove; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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