Is Shady Grove Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shady Grove Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Shady Grove Township has remained a Seller's Market.

Key Takeaway

Shady Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$27,500(+6.9%)

Key Takeaway

Homes in Shady Grove Township have sold for 6.9% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $2.0M$980K
-51.0%
2 $180K$215K
+19.4%
3 $362.7K$399.9K
+10.2%
4 $447K$615K
+37.6%
5+ $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
+28.7%
Farmington Township
+14.8%
Advance
+11.6%
Shady Grove Township
+6.9%
Hampton Township
+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 2024May 2024CHANGE
1925+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1013
+30.0%
4 812
+50.0%
5+ 00
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 2024May 2024CHANGE
27+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shady Grove Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

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 2023May 2024CHANGE
47 Days54 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Shady Grove Township has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Shady Grove Township, NC

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