Is Oak Ridge Township, 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 Township was a Seller's Market.
Housing Prices in Oak Ridge Township, NC
How much do homes in Oak Ridge Township, NC cost?
Median Sold Price
$599,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Ridge Township was $599,000 in April 2024, up 13% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $157K | N/A |
2 Bedrooms | $479K | $235K | -50.9% |
3 Bedrooms | $422K | $436K | +3.3% |
4 Bedrooms | $617.9K | $675K | +9.2% |
5+ Bedrooms | $615K | - | N/A |
Summary: Oak Ridge 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 decreased by 50.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 9.2%, 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% |
Bruce Township | $557.7K | $574.7K | +3.0% |
Housing Supply in Oak Ridge Township, NC
How many homes are available in Oak Ridge Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 94 | +5.6% |
Summary: The Oak Ridge Township real estate market had 94 homes for sale in April 2024, a 5.6% 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 | 22 | 27 | +22.7% |
4 Bedrooms | 64 | 62 | -3.1% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Oak Ridge 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 remained the same, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 12 | -42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Oak Ridge Township in April 2024, down by 42.9% month-over-month. Of the 12 sold homes, 58% were sold under asking, 42% were sold at asking, and 0% were sold over asking.
Days on Market for Oak Ridge Township, NC
How long does it take to sell a home in Oak Ridge Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 87 Days | +59.4% |
Summary: Homes in Oak Ridge Township had an average of 87 days on market in Apr 2024, up by 59.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Oak Ridge Township; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.