Is Shady 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, Shady Grove Township has remained a Seller's Market.
Housing Prices in Shady Grove Township, NC
How much do homes in Shady Grove Township, NC cost?
Median Sold Price
$426,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shady Grove Township was $426,500 in May 2024, up 6.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $2.0M | $980K | -51.0% |
2 Bedrooms | $180K | $215K | +19.4% |
3 Bedrooms | $362.7K | $399.9K | +10.2% |
4 Bedrooms | $447K | $615K | +37.6% |
5+ Bedrooms | $875K | $841.8K | -3.8% |
Summary: Shady Grove Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 37.6%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
Fulton Township | $287.5K | $370K | +28.7% |
Farmington Township | $335.5K | $385K | +14.8% |
Advance | $367.2K | $410K | +11.6% |
Shady Grove Township | $399K | $426.5K | +6.9% |
Hampton Township | $414.5K | $417.2K | +0.7% |
Housing Supply in Shady Grove Township, NC
How many homes are available in Shady Grove Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Summary: The Shady Grove Township real estate market had 25 homes for sale in May 2024, a 31.6% 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 | 0 | -100.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Shady 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 100%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Shady Grove Township in May 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Shady Grove Township, NC
How long does it take to sell a home in Shady Grove Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 54 Days | +15.2% |
Summary: Homes in Shady Grove Township had an average of 54 days on market in May 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Shady Grove Township; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.