$5,818 Closing Credit*
$489,900
2,368 SqFt
3 Beds
•2 Full Baths, 1 Partial
Tammy Eickhoff, Listing Office: eXp Realty, LLC - C
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
Last month, Red Oak was a Buyer's Market.
Key Takeaway
Red Oak is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Oak, NC
How much do homes in Red Oak, NC cost?
Median Sold Price
$428,750
$135/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$58,750(+15.9%)
Key Takeaway
Homes in Red Oak have sold for 15.9% more than they did a month ago.
Summary: The median home sold price in Red Oak was $428,750 in November 2024, up 15.9% from last month, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $365K | $428.7K | +17.5% |
| 4 Bedrooms | $370K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Red Oak 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 17.5%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Red Oak real estate market had 22 homes for sale in November 2024, a 12.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Red Oak 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 5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Oak, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Red Oak in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 14 Days | -64.4% |
Summary: Homes in Red Oak had an average of 14 days on market in Nov 2024, down by 64.4% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Red Oak are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Red Oak; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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