$3,301 Closing Credit*
$278,000
961 SqFt
2 Beds
•1 Full Bath
Christina Ann Martin, Listing Office: Ann Milton Realty
Is Oak Grove Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Oak Grove Township has remained a Seller's Market.
Key Takeaway
Oak Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oak Grove Township, NC
How much do homes in Oak Grove Township, NC cost?
Median Sold Price
$385,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,755(+1.0%)
Key Takeaway
Homes in Oak Grove Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Oak Grove Township was $385,000 in November 2024, up 1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $272.5K | $298.5K | +9.5% |
| 3 Bedrooms | $351.9K | $356.2K | +1.2% |
| 4 Bedrooms | $449.9K | $449.9K | 0.0% |
| 5+ Bedrooms | $500K | $484K | -3.2% |
Summary: Oak Grove 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 9.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Carr Township | $477.5K | $525K | +9.9% |
| Lebanon Township | $405K | $424.9K | +4.9% |
| Durham | $409.7K | $424.6K | +3.7% |
| Durham Township | $406.3K | $421K | +3.6% |
| Oak Grove Township | $381.2K | $385K | +1.0% |
Housing Supply in Oak Grove Township, NC
How many homes are available in Oak Grove Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 210 | 198 | -5.7% |
Summary: The Oak Grove Township real estate market had 198 homes for sale in November 2024, a 5.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 110 | 99 | -10.0% |
| 4 Bedrooms | 65 | 55 | -15.4% |
| 5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The Oak Grove 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 increased by 28.6%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 54 | +54.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Grove Township, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Oak Grove Township in November 2024, up by 54.3% month-over-month. Of the 54 sold homes, 59% were sold under asking, 22% were sold at asking, and 19% were sold over asking.
Days on Market for Oak Grove Township, NC
How long does it take to sell a home in Oak Grove Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 85 Days | 35 Days | -58.7% |
Summary: Homes in Oak Grove Township had an average of 35 days on market in Nov 2024, down by 58.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oak Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 54 homes were sold in Oak Grove Township; 59% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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