Is 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, Grove Township has remained a Seller's Market.
Housing Prices in Grove Township, NC
How much do homes in Grove Township, NC cost?
Median Sold Price
$275,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grove Township was $275,000 in May 2024, up 0.4% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $140K | N/A |
2 Bedrooms | $190K | $197.5K | +3.9% |
3 Bedrooms | $289.5K | $275K | -5.0% |
4 Bedrooms | $404.5K | $549K | +35.7% |
5+ Bedrooms | $557.5K | $390K | -30.0% |
Summary: Grove Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 30%.
Median Sold Price Compared To Nearby Cities
Coats | $231.4K | $259K | +11.9% |
Neills Creek Township | $359.9K | $380K | +5.6% |
Benson | $349.9K | $352.7K | +0.8% |
Grove Township | $274K | $275K | 0.4% |
Banner Township | $337.2K | $329.9K | -2.2% |
Housing Supply in Grove Township, NC
How many homes are available in Grove Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 48 | 0.0% |
Summary: The Grove Township real estate market had 48 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 38 | 38 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 20 | +400.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Grove Township in May 2024, up by 400.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 35% were sold at asking, and 5% were sold over asking.
Days on Market for Grove Township, NC
How long does it take to sell a home in Grove Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
129 Days | 24 Days | -80.9% |
Summary: Homes in Grove Township had an average of 24 days on market in May 2024, down by 80.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Grove Township; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.