Is Oakboro, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakboro is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Oakboro was a Seller's Market.

Key Takeaway

Oakboro 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 Oakboro, NC

How much do homes in Oakboro, NC cost?

Median Sold Price

$309,500

$159/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$20,500(-6.2%)

Key Takeaway

Homes in Oakboro have sold for 6.2% less than they did a month ago.

Summary: The median home sold price in Oakboro was $309,500 in October 2024, down 6.2% from last month, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $280K$130K
-53.6%
3 $336K$344.7K
+2.6%
4 -$400K
N/A
5+ -$88K
N/A

Summary: Oakboro housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 53.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Oakboro, NC

How many homes are available in Oakboro, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2931+6.9%

Summary: The Oakboro real estate market had 31 homes for sale in October 2024, a 6.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 33
0.0%
3 1917
-10.5%
4 46
+50.0%
5+ 24
+100.0%

Summary: The Oakboro 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 decreased by 10.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakboro, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Oakboro in October 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Oakboro, NC

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

Average Sale Time

Sep 2024Oct 2024CHANGE
35 Days120 Days+237.1%

Summary: Homes in Oakboro had an average of 120 days on market in Oct 2024, up by 237.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Oakboro; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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 17 Days Ago

Newest Listings in Oakboro, NC

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