Is Deep River Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Deep River Township has remained a Seller's Market.
Housing Prices in Deep River Township, NC
How much do homes in Deep River Township, NC cost?
Median Sold Price
$383,516
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Deep River Township was $383,516 in May 2024, down 4.1% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220K | $261.2K | +18.8% |
3 Bedrooms | $325.9K | $345K | +5.9% |
4 Bedrooms | $425K | $425K | 0.0% |
5+ Bedrooms | $450K | $455.3K | +1.2% |
Summary: Deep River Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
Oak Ridge | $566.7K | $678.4K | +19.7% |
Kernersville | $324.6K | $339.7K | +4.6% |
Friendship Township | $279.9K | $290K | +3.6% |
Colfax | $426.8K | $410K | -4.0% |
Deep River Township | $399.9K | $383.5K | -4.1% |
Housing Supply in Deep River Township, NC
How many homes are available in Deep River Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 102 | -3.8% |
Summary: The Deep River Township real estate market had 102 homes for sale in May 2024, a 3.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 37 | 37 | 0.0% |
4 Bedrooms | 51 | 50 | -2.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Deep River Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 32 | -5.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Deep River Township in May 2024, down by 5.9% month-over-month. Of the 32 sold homes, 38% were sold under asking, 44% were sold at asking, and 19% were sold over asking.
Days on Market for Deep River Township, NC
How long does it take to sell a home in Deep River Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 36 Days | -26.2% |
Summary: Homes in Deep River Township had an average of 36 days on market in May 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in Deep River Township; 59% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.