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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oriental is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Oriental was a Seller's Market.

Key Takeaway

Oriental is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Oriental, NC

How much do homes in Oriental, NC cost?

Median Sold Price

$463,750

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,750(+7.1%)

Key Takeaway

Homes in Oriental have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Oriental was $463,750 in November 2024, up 7.1% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $439K$420K
-4.3%
2 $271K$375K
+38.4%
3 $450K$507K
+12.7%
4 $668.6K$557.5K
-16.6%
5+ $1.1M$500K
-56.0%

Summary: Oriental housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 38.4%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes decreased by 56%.

Housing Supply in Oriental, NC

How many homes are available in Oriental, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
52520.0%

Summary: The Oriental real estate market had 52 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 62
-66.7%
3 4039
-2.5%
4 58
+60.0%
5+ 01
+100.0%

Summary: The Oriental housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
660.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oriental, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Oriental in November 2024, the same as the previous month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Oriental, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
105 Days68 Days-35.2%

Summary: Homes in Oriental had an average of 68 days on market in Nov 2024, down by 35.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Oriental; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

Newest Listings in Oriental, NC

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