Is Oak Ridge, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oak Ridge was a Seller's Market.
Housing Prices in Oak Ridge, NC
How much do homes in Oak Ridge, NC cost?
Median Sold Price
$639,950
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Ridge was $639,950 in April 2024, up 12.3% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $157K | N/A |
2 Bedrooms | $233K | $235K | +0.9% |
3 Bedrooms | $370K | $425K | +14.9% |
4 Bedrooms | $679.5K | $728.9K | +7.3% |
5+ Bedrooms | $762.5K | - | N/A |
Summary: Oak Ridge 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 0.9%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Oak Ridge Township | $529.8K | $599K | +13.0% |
Oak Ridge | $570K | $639.9K | +12.3% |
Stokesdale | $440K | $460K | +4.5% |
Deep River Township | $398K | $381.1K | -4.2% |
Colfax | $425K | $406.2K | -4.4% |
Housing Supply in Oak Ridge, NC
How many homes are available in Oak Ridge, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 47 | +4.4% |
Summary: The Oak Ridge real estate market had 47 homes for sale in April 2024, a 4.4% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 33 | 30 | -9.1% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Oak Ridge 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 5 | -58.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Oak Ridge in April 2024, down by 58.3% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Oak Ridge, NC
How long does it take to sell a home in Oak Ridge, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 21 Days | -54.6% |
Summary: Homes in Oak Ridge had an average of 21 days on market in Apr 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Oak Ridge; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.