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 seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Deep River Township has remained a Seller's Market.

Key Takeaway

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

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

-$16,400(-4.1%)

Key Takeaway

Homes in Deep River Township have sold for 4.1% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $220K$261.2K
+18.8%
3 $325.9K$345K
+5.9%
4 $425K$425K
0.0%
5+ $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
+19.7%
Kernersville
+4.6%
Friendship Township
+3.6%
Colfax
-4.0%
Deep River Township
-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 2024May 2024CHANGE
106102-3.8%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 118
-27.3%
3 3737
0.0%
4 5150
-2.0%
5+ 77
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 2024May 2024CHANGE
3432-5.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deep River Township, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.

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 2023May 2024CHANGE
49 Days36 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Deep River Township, NC

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