Is Oriental, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Oriental was a Neutral Market.
Housing Prices in Oriental, NC
How much do homes in Oriental, NC cost?
Median Sold Price
$438,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oriental was $438,000 in May 2024, up 1.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237.5K | $429K | +80.6% |
2 Bedrooms | $325K | $355K | +9.2% |
3 Bedrooms | $493.2K | $482K | -2.3% |
4 Bedrooms | $723.3K | $576.5K | -20.3% |
5+ Bedrooms | $320K | $500K | +56.3% |
Summary: Oriental housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.6%, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 20.3%, and 5+ bedroom homes increased by 56.3%.
Housing Supply in Oriental, NC
How many homes are available in Oriental, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 53 | +8.2% |
Summary: The Oriental real estate market had 53 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Oriental housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Oriental in May 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 70 Days | +24.9% |
Summary: Homes in Oriental had an average of 70 days on market in May 2024, up by 24.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Oriental; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.