Is Four Oaks, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Four Oaks was a Seller's Market.
Key Takeaway
Four Oaks is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Four Oaks, NC
How much do homes in Four Oaks, NC cost?
Median Sold Price
$339,900
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Four Oaks have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Four Oaks was $339,900 in May 2024, up 7.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $223K | $300.5K | +34.8% |
| 3 Bedrooms | $314.9K | $317K | +0.7% |
| 4 Bedrooms | $402.9K | $433.9K | +7.7% |
| 5+ Bedrooms | $355K | $540K | +52.1% |
Summary: Four Oaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 52.1%.
Median Sold Price Compared To Nearby Cities
| Ingrams Township | $297.1K | $330K | +11.1% |
| Four Oaks | $314.9K | $339.9K | +7.9% |
Housing Supply in Four Oaks, NC
How many homes are available in Four Oaks, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 61 | +8.9% |
Summary: The Four Oaks real estate market had 61 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 42 | 42 | 0.0% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Four Oaks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Four Oaks, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Four Oaks in May 2024, down by 40.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Four Oaks, NC
How long does it take to sell a home in Four Oaks, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 105 Days | 48 Days | -54.2% |
Summary: Homes in Four Oaks had an average of 48 days on market in May 2024, down by 54.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Four Oaks are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Four Oaks; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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