Is Deep River Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Deep River Township has remained a Seller's Market.
Housing Prices in Deep River Township, NC
How much do homes in Deep River Township, NC cost?
Median Sold Price
$381,166
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Deep River Township was $381,166 in April 2024, down 4.2% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | $251.2K | +11.7% |
3 Bedrooms | $325K | $340K | +4.6% |
4 Bedrooms | $425K | $420K | -1.2% |
5+ Bedrooms | $450K | $458.9K | +2.0% |
Summary: Deep River Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Oak Ridge | $570K | $639.9K | +12.3% |
Kernersville | $325K | $339.9K | +4.6% |
Friendship Township | $280K | $277K | -1.1% |
Deep River Township | $398K | $381.1K | -4.2% |
Colfax | $425K | $406.2K | -4.4% |
Housing Supply in Deep River Township, NC
How many homes are available in Deep River Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 100 | +7.5% |
Summary: The Deep River Township real estate market had 100 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 36 | 32 | -11.1% |
4 Bedrooms | 41 | 49 | +19.5% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Deep River Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 34 | +70.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Deep River Township in April 2024, up by 70.0% month-over-month. Of the 34 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for Deep River Township, NC
How long does it take to sell a home in Deep River Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 35 Days | -31.0% |
Summary: Homes in Deep River Township had an average of 35 days on market in Apr 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Deep River Township; 56% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.