Is Grove Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Grove Township has remained a Seller's Market.
Key Takeaway
Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grove Township, NC
How much do homes in Grove Township, NC cost?
Median Sold Price
$275,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Grove Township has remained the same since last year.
Summary: The median home sold price in Grove Township was $275,000 in May 2024, up 0.4% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $190K | $197.5K | +3.9% |
| 3 Bedrooms | $289.5K | $275K | -5.0% |
| 4 Bedrooms | $404.5K | $549K | +35.7% |
| 5+ Bedrooms | $557.5K | $390K | -30.0% |
Summary: Grove Township 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 3.9%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 30%.
Median Sold Price Compared To Nearby Cities
| Coats | $231.4K | $259K | +11.9% |
| Neills Creek Township | $359.9K | $380K | +5.6% |
| Benson | $349.9K | $352.7K | +0.8% |
| Grove Township | $274K | $275K | 0.4% |
| Banner Township | $337.2K | $329.9K | -2.2% |
Housing Supply in Grove Township, NC
How many homes are available in Grove Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The Grove Township real estate market had 48 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Grove Township 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 20 | +400.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grove Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Grove Township in May 2024, up by 400.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 35% were sold at asking, and 5% were sold over asking.
Days on Market for Grove Township, NC
How long does it take to sell a home in Grove Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 129 Days | 24 Days | -80.9% |
Summary: Homes in Grove Township had an average of 24 days on market in May 2024, down by 80.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Grove Township; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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