Is Deep River Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deep River Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Deep River Township was a Seller's Market.

Key Takeaway

Deep River Township 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 Deep River Township, NC

How much do homes in Deep River Township, NC cost?

Median Sold Price

$379,900

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$17,203(-4.3%)

Key Takeaway

Homes in Deep River Township have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in Deep River Township was $379,900 in November 2024, down 4.3% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $241.2K$278.9K
+15.6%
3 $324.1K$348.5K
+7.6%
4 $435K$420.2K
-3.4%
5+ $471.1K$485K
+2.9%

Summary: Deep River Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

Kernersville
+1.6%
Friendship Township
+1.4%
Colfax
+0.6%
Oak Ridge
-3.5%
Deep River Township
-4.3%

Housing Supply in Deep River Township, NC

How many homes are available in Deep River Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8784-3.4%

Summary: The Deep River Township real estate market had 84 homes for sale in November 2024, a 3.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 88
0.0%
3 3437
+8.8%
4 3331
-6.1%
5+ 128
-33.3%

Summary: The Deep River Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deep River Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Deep River Township in November 2024, down by 22.2% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
54 Days35 Days-33.6%

Summary: Homes in Deep River Township had an average of 35 days on market in Nov 2024, down by 33.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Deep River Township has remained consistent over time.

Summary: During November 2024, 14 homes were sold in Deep River Township; 43% of homes were sold within 30 days, 50% 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 17 Days Ago

Newest Listings in Deep River Township, NC

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