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 May 2023
Since last year, Oak Grove Township has remained a Seller's Market.
Housing Prices in Oak Grove Township, NC
How much do homes in Oak Grove Township, NC cost?
Median Sold Price
$380,890
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oak Grove Township was $380,890 in May 2024, down 2.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $255K | $310K | +21.6% |
3 Bedrooms | $367.1K | $350K | -4.7% |
4 Bedrooms | $455K | $450.4K | -1.0% |
5+ Bedrooms | $516.5K | $535K | +3.6% |
Summary: Oak Grove 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 21.6%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Lebanon Township | $394.7K | $425K | +7.7% |
Carr Township | $482K | $514K | +6.6% |
Durham | $403.5K | $415.6K | +3.0% |
Durham Township | $401.6K | $412.1K | +2.6% |
Oak Grove Township | $391.1K | $380.8K | -2.6% |
Housing Supply in Oak Grove Township, NC
How many homes are available in Oak Grove Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
231 | 233 | +0.9% |
Summary: The Oak Grove Township real estate market had 233 homes for sale in May 2024, a 0.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 130 | 127 | -2.3% |
4 Bedrooms | 55 | 60 | +9.1% |
5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Oak Grove 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 increased by 3.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 68 | 0.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Oak Grove Township in May 2024, the same as the previous month. Of the 68 sold homes, 43% were sold under asking, 29% were sold at asking, and 28% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 16 Days | -71.2% |
Summary: Homes in Oak Grove Township had an average of 16 days on market in May 2024, down by 71.2% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 68 homes were sold in Oak Grove Township; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.