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 November 2023

Since last year, Cotton Grove Township has remained a Seller'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

$316,500

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,510(+0.5%)

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 $316,500 in November 2024, up 0.5% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $222.5K$325K
+46.1%
2 $348K$402.5K
+15.7%
3 $277.5K$296.9K
+7.0%
4 $322.9K$330.4K
+2.3%
5+ $529K-
N/A

Summary: Cotton Grove Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.1%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Silver Hill Township
+12.6%
Lexington
+3.6%
Cotton Grove Township
0.5%

Housing Supply in Cotton Grove Township, NC

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6154-11.5%

Summary: The Cotton Grove Township real estate market had 54 homes for sale in November 2024, a 11.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1610
-37.5%
3 3636
0.0%
4 86
-25.0%
5+ 02
+100.0%

Summary: The Cotton Grove Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14140.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 92.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Cotton Grove Township in November 2024, the same as the previous month. Of the 14 sold homes, 93% were sold under asking, 0% were sold at asking, and 7% 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

Nov 2023Nov 2024CHANGE
52 Days38 Days-25.9%

Summary: Homes in Cotton Grove Township had an average of 38 days on market in Nov 2024, down by 25.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 14 homes were sold in Cotton Grove Township; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% 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

Newest Listings in Cotton Grove Township, NC

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What housing markets are near Cotton Grove Township, NC?