$5,225 Closing Credit*
$440,000
3,037 SqFt
4 Beds
•3 Full Baths
Lorena Myers, Listing Office: Keller Williams Realty
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 October 2023
Since last year, Red Oak Township has remained a Seller'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
$382,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+18.6%)
Key Takeaway
Homes in Red Oak Township have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in Red Oak Township was $382,000 in October 2024, up 18.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $228.5K | +8.8% |
| 3 Bedrooms | $307.5K | $368.9K | +20.0% |
| 4 Bedrooms | $372.1K | $386.6K | +3.9% |
| 5+ Bedrooms | $425.4K | $412.7K | -3.0% |
Summary: Red Oak Township housing prices by bedroom type for October 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 20%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Red Oak Township | $322K | $382K | +18.6% |
| Stony Creek Township | $240K | $247.2K | +3.0% |
| Oak Level Township | $292.5K | $270K | -7.7% |
Housing Supply in Red Oak Township, NC
How many homes are available in Red Oak Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 46 | +15.0% |
Summary: The Red Oak Township real estate market had 46 homes for sale in October 2024, a 15.0% 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 | 21 | 26 | +23.8% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Red Oak 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 increased by 23.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Red Oak Township in October 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 84 Days | +399.3% |
Summary: Homes in Red Oak Township had an average of 84 days on market in Oct 2024, up by 399.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Red Oak Township has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Red Oak Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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