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 seller's market

Buyer's
Market

Difference Since October 2023

Since last year, China Grove has remained a Seller's Market.

Key Takeaway

China Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in China Grove, NC

How much do homes in China Grove, NC cost?

Median Sold Price

$305,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+10.9%)

Key Takeaway

Homes in China Grove have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in China Grove was $305,000 in October 2024, up 10.9% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $125K$157.5K
+26.0%
2 $196K$228.7K
+16.7%
3 $277K$311K
+12.3%
4 $404.7K$409.9K
+1.3%
5+ $450K$388.9K
-13.6%

Summary: China Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 13.6%.

Median Sold Price Compared To Nearby Cities

China Grove
+10.9%
Landis
+5.3%
China Grove Township
+2.8%

Housing Supply in China Grove, NC

How many homes are available in China Grove, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6974+7.2%

Summary: The China Grove real estate market had 74 homes for sale in October 2024, a 7.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1015
+50.0%
3 4543
-4.4%
4 1113
+18.2%
5+ 33
0.0%

Summary: The China Grove housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1517+13.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were 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. 58.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in China Grove in October 2024, up by 13.3% month-over-month. Of the 17 sold homes, 59% were sold under asking, 6% were sold at asking, and 35% 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

Oct 2023Oct 2024CHANGE
28 Days36 Days+28.2%

Summary: Homes in China Grove had an average of 36 days on market in Oct 2024, up by 28.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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 October 2024, 17 homes were sold in China Grove; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% 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 20 Days Ago

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