Is China Grove, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing China Grove is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, China Grove was a Neutral Market.

Key Takeaway

China Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in China Grove, TX

How much do homes in China Grove, TX cost?

Median Sold Price

$595,000

$222/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$70,000(+13.3%)

Key Takeaway

Homes in China Grove have sold for 13.3% more than they did a month ago.

Summary: The median home sold price in China Grove was $595,000 in October 2024, up 13.3% from last month, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $525K-
N/A
4 --
N/A
5+ -$595K
N/A

Summary: China Grove 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in China Grove, TX

How many homes are available in China Grove, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
78+14.3%

Summary: The China Grove real estate market had 8 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 23
+50.0%
5+ 12
+100.0%

Summary: The China Grove 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 decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in China Grove, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in China Grove in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for China Grove, TX

How long does it take to sell a home in China Grove, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
82 Days92 Days+12.2%

Summary: Homes in China Grove had an average of 92 days on market in Oct 2024, up by 12.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in China Grove are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in China Grove; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 16 Days Ago

Newest Listings in China Grove, TX

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