$5,225 Closing Credit*
$440,000
3,037 SqFt
4 Beds
•3 Full Baths
Lorena Myers, Listing Office: Keller Williams Realty
Is Red Oak, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Red Oak has remained a Buyer's Market.
Key Takeaway
Red Oak is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Red Oak, NC
How much do homes in Red Oak, NC cost?
Median Sold Price
$370,000
$147/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$144,800(-28.1%)
Key Takeaway
Homes in Red Oak have sold for 28.1% less than they did a month ago.
Summary: The median home sold price in Red Oak was $370,000 in October 2024, down 28.1% from last month, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $514.8K | $365K | -29.1% |
| 4 Bedrooms | - | $370K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Red Oak 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 decreased by 29.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Red Oak, NC
How many homes are available in Red Oak, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Summary: The Red Oak real estate market had 26 homes for sale in October 2024, a 23.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Red Oak 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 increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Oak, 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 Red Oak in October 2024, up by 200.0% 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 Red Oak, NC
How long does it take to sell a home in Red Oak, NC?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 40 Days | +29.0% |
Summary: Homes in Red Oak had an average of 40 days on market in Oct 2024, up by 29% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Red Oak has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Red Oak; 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.
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