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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cotton Grove Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cotton Grove Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Cotton Grove Township, NC

How much do homes in Cotton Grove Township, NC cost?

Median Sold Price

$313,995

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,250(+0.4%)

Key Takeaway

The sold price of homes in Cotton Grove Township has remained the same since last year.

Summary: The median home sold price in Cotton Grove Township was $313,995 in October 2024, up 0.4% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $222.5K$325K
+46.1%
2 $355K$369K
+3.9%
3 $272.4K$296.9K
+9.0%
4 $318.4K$330.4K
+3.8%
5+ $529K-
N/A

Summary: Cotton Grove Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.1%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Silver Hill Township
+13.5%
Linwood
+7.8%
Lexington
+3.2%
Cotton Grove Township
0.4%

Housing Supply in Cotton Grove Township, NC

How many homes are available in Cotton Grove Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5563+14.5%

Summary: The Cotton Grove Township real estate market had 63 homes for sale in October 2024, a 14.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1617
+6.3%
3 3437
+8.8%
4 48
+100.0%
5+ 00
0.0%

Summary: The Cotton Grove Township 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 6.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cotton Grove Township, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Cotton Grove Township in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.

Days on Market for Cotton Grove Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days24 Days+37.9%

Summary: Homes in Cotton Grove Township had an average of 24 days on market in Oct 2024, up by 37.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Cotton Grove Township; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in Cotton Grove Township, NC

Nearby Markets to Cotton Grove Township, NC

What housing markets are near Cotton Grove Township, NC?