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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olin Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Olin Township has remained a Seller's Market.

Key Takeaway

Olin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Olin Township, NC

How much do homes in Olin Township, NC cost?

Median Sold Price

$350,000

$155/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$2,000(+0.6%)

Key Takeaway

Homes in Olin Township have sold for 0.6% more than they did a month ago.

Summary: The median home sold price in Olin Township was $350,000 in November 2024, up 0.6% from last month, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $348K$350K
+0.6%
4 --
N/A
5+ --
N/A

Summary: Olin 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 increased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Olin Township, NC

How many homes are available in Olin Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1812-33.3%

Summary: The Olin Township real estate market had 12 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1610
-37.5%
4 22
0.0%
5+ 00
0.0%

Summary: The Olin 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 remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

3 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 Olin Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Olin Township in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Olin Township, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
42 Days25 Days-40.5%

Summary: Homes in Olin Township had an average of 25 days on market in Nov 2024, down by 40.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Olin Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Olin Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Olin Township, NC

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