Is China 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, China Grove Township has remained a Seller's Market.
Housing Prices in China Grove Township, NC
How much do homes in China Grove Township, NC cost?
Median Sold Price
$280,396
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in China Grove Township was $280,396 in May 2024, up 2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101K | $157.5K | +55.9% |
2 Bedrooms | $184.6K | $220K | +19.2% |
3 Bedrooms | $285K | $292.5K | +2.6% |
4 Bedrooms | $350K | $349K | -0.3% |
5+ Bedrooms | $372K | $387.5K | +4.2% |
Summary: China Grove Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.9%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Landis | $275.1K | $298.9K | +8.6% |
China Grove | $271K | $290K | +7.0% |
Kannapolis | $285.3K | $297.6K | +4.3% |
China Grove Township | $274.9K | $280.3K | +2.0% |
Litaker Township | $310K | $308.7K | -0.4% |
Housing Supply in China Grove Township, NC
How many homes are available in China Grove Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
144 | 158 | +9.7% |
Summary: The China Grove Township real estate market had 158 homes for sale in May 2024, a 9.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 33 | 32 | -3.0% |
3 Bedrooms | 77 | 90 | +16.9% |
4 Bedrooms | 26 | 27 | +3.8% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The China 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 3%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 35 | -12.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in China Grove Township in May 2024, down by 12.5% month-over-month. Of the 35 sold homes, 69% were sold under asking, 14% were sold at asking, and 17% were sold over asking.
Days on Market for China Grove Township, NC
How long does it take to sell a home in China Grove Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 38 Days | +53.7% |
Summary: Homes in China Grove Township had an average of 38 days on market in May 2024, up by 53.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in China Grove Township; 54% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.