$3,266 Closing Credit*
$275,000
2,064 SqFt
4 Beds
•1 Full Bath
Tim Atkins, Listing Office: Allen Tate Oak Ridge Commons
Is Oak Ridge Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Oak Ridge Township was a Seller's Market.
Key Takeaway
Oak Ridge 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 Oak Ridge Township, NC
How much do homes in Oak Ridge Township, NC cost?
Median Sold Price
$599,931
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,929(+5.4%)
Key Takeaway
Homes in Oak Ridge Township have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Oak Ridge Township was $599,931 in October 2024, up 5.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157K | $145K | -7.6% |
| 2 Bedrooms | $200K | $235K | +17.5% |
| 3 Bedrooms | $419.9K | $444.5K | +5.8% |
| 4 Bedrooms | $670K | $668.9K | -0.1% |
| 5+ Bedrooms | $615K | $492.5K | -19.9% |
Summary: Oak Ridge Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Belews Creek | $292.5K | $382K | +30.6% |
| Stokesdale | $433.7K | $467.4K | +7.8% |
| Oak Ridge Township | $569K | $599.9K | +5.4% |
| Bruce Township | $545K | $570.2K | +4.6% |
| Oak Ridge | $635K | $621.9K | -2.0% |
Housing Supply in Oak Ridge Township, NC
How many homes are available in Oak Ridge Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 114 | +2.7% |
Summary: The Oak Ridge Township real estate market had 114 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 31 | 38 | +22.6% |
| 4 Bedrooms | 79 | 72 | -8.9% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Oak Ridge Township housing inventory by bedroom type for October 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 22.6%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Ridge Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Oak Ridge Township in October 2024, up by 5.9% month-over-month. Of the 18 sold homes, 50% were sold under asking, 39% were sold at asking, and 11% were sold over asking.
Days on Market for Oak Ridge Township, NC
How long does it take to sell a home in Oak Ridge Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 36 Days | -17.7% |
Summary: Homes in Oak Ridge Township had an average of 36 days on market in Oct 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oak Ridge Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Oak Ridge Township; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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