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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Griffins Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Griffins Township was a Seller's Market.

Key Takeaway

Griffins Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Griffins Township, NC

How much do homes in Griffins Township, NC cost?

Median Sold Price

$395,000

$146/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$215,000(+119.4%)

Key Takeaway

Homes in Griffins Township have sold for 119.4% more than they did a month ago.

Summary: The median home sold price in Griffins Township was $395,000 in November 2024, up 119.4% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $180K-
N/A
3 $254.7K-
N/A
4 -$395K
N/A
5+ --
N/A

Summary: Griffins Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Griffins Township
+119.4%
Red Oak
+15.9%

Housing Supply in Griffins Township, NC

How many homes are available in Griffins Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
119-18.2%

Summary: The Griffins Township real estate market had 9 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 52
-60.0%
4 55
0.0%
5+ 02
+100.0%

Summary: The Griffins 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 decreased by 100%, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Griffins Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Griffins Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Griffins Township, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
27 Days126 Days+366.7%

Summary: Homes in Griffins Township had an average of 126 days on market in Nov 2024, up by 366.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Griffins Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Griffins Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 22 Days Ago

Newest Listings in Griffins Township, NC

Nearby Markets to Griffins Township, NC

What housing markets are near Griffins Township, NC?