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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing White Oak Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, White Oak Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in White Oak Township, NC

How much do homes in White Oak Township, NC cost?

Median Sold Price

$624,500

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,571(+8.4%)

Key Takeaway

Homes in White Oak Township have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in White Oak Township was $624,500 in November 2024, up 8.4% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $265K$275K
+3.8%
2 $365.3K$375K
+2.7%
3 $478.5K$505K
+5.5%
4 $592.1K$659.7K
+11.4%
5+ $931.7K$970K
+4.1%

Summary: White Oak Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Cities

Buckhorn Township
+13.8%
Holly Springs Township
+8.9%
White Oak Township
+8.4%
Cary
+7.6%
Apex
+6.9%

Housing Supply in White Oak Township, NC

How many homes are available in White Oak Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
354300-15.3%

Summary: The White Oak Township real estate market had 300 homes for sale in November 2024, a 15.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 2117
-19.0%
3 132119
-9.8%
4 10385
-17.5%
5+ 9878
-20.4%

Summary: The White Oak Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 20.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10075-25.0%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in White Oak Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in White Oak Township in November 2024, down by 25.0% month-over-month. Of the 75 sold homes, 47% were sold under asking, 25% were sold at asking, and 28% were sold over asking.

Days on Market for White Oak Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
69 Days28 Days-59.3%

Summary: Homes in White Oak Township had an average of 28 days on market in Nov 2024, down by 59.3% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in White Oak Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 75 homes were sold in White Oak Township; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 11% 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 20 Days Ago

Newest Listings in White Oak Township, NC

Nearby Markets to White Oak Township, NC

What housing markets are near White Oak Township, NC?