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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orrum Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Orrum Township, NC

How much do homes in Orrum Township, NC cost?

Median Sold Price

$90,000

$90/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$102,700(-53.3%)

Key Takeaway

Homes in Orrum Township have sold for 53.3% less than they did a month ago.

Summary: The median home sold price in Orrum Township was $90,000 in October 2024, down 53.3% from last month, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$90K
N/A
3 $192.7K-
N/A
4 --
N/A
5+ --
N/A

Summary: Orrum Township 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Orrum Township
-53.3%
Orrum
-53.3%

Housing Supply in Orrum Township, NC

How many homes are available in Orrum Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
43-25.0%

Summary: The Orrum Township real estate market had 3 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Orrum 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 decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 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 Orrum Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Orrum Township in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Orrum Township, NC

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

Average Sale Time

Sep 2024Oct 2024CHANGE
12 Days75 Days+525.0%

Summary: Homes in Orrum Township had an average of 75 days on market in Oct 2024, up by 525% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Orrum Township has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Orrum Township; 0% of homes were sold within 30 days, 100% 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 22 Days Ago

Newest Listings in Orrum Township, NC

Nearby Markets to Orrum Township, NC