$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 Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Red Oak Township was a Buyer's Market.
Key Takeaway
Red Oak Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Oak Township, NC
How much do homes in Red Oak Township, NC cost?
Median Sold Price
$384,750
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$64,000(+20.0%)
Key Takeaway
Homes in Red Oak Township have sold for 20% more than they did a year ago.
Summary: The median home sold price in Red Oak Township was $384,750 in November 2024, up 20% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $228.5K | +8.8% |
| 3 Bedrooms | $310K | $369.4K | +19.2% |
| 4 Bedrooms | $372.1K | $387.5K | +4.1% |
| 5+ Bedrooms | $425.4K | $412.7K | -3.0% |
Summary: Red Oak Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Red Oak Township | $320.7K | $384.7K | +20.0% |
| Stony Creek Township | $234.6K | $248K | +5.7% |
| Oak Level Township | $290K | $277.5K | -4.3% |
| Dortches | $413.8K | $367K | -11.3% |
Housing Supply in Red Oak Township, NC
How many homes are available in Red Oak Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 37 | -19.6% |
Summary: The Red Oak Township real estate market had 37 homes for sale in November 2024, a 19.6% 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 | 25 | 21 | -16.0% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Red Oak Township 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 16%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Oak Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Red Oak Township in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Red Oak Township, NC
How long does it take to sell a home in Red Oak Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 92 Days | 53 Days | -41.5% |
Summary: Homes in Red Oak Township had an average of 53 days on market in Nov 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Red Oak Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Red Oak Township; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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