Is Olin Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Olin Township was a Buyer's Market.
Housing Prices in Olin Township, NC
How much do homes in Olin Township, NC cost?
Median Sold Price
$302,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Olin Township was $302,500 in May 2024, down 11.9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $110K | $215K | +95.5% |
3 Bedrooms | $347K | $330.2K | -4.8% |
4 Bedrooms | $522K | $300K | -42.5% |
5+ Bedrooms | - | $180K | N/A |
Summary: Olin 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 95.5%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 42.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Turnersburg Township | $235K | $277K | +17.9% |
Bethany Township | $280.5K | $300.1K | +7.0% |
Cool Springs Township | $319K | $335K | +5.0% |
Olin Township | $343.5K | $302.5K | -11.9% |
Housing Supply in Olin Township, NC
How many homes are available in Olin Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Summary: The Olin Township real estate market had 9 homes for sale in May 2024, a 18.2% decrease 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 | 3 | 2 | -33.3% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Olin 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 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Olin Township in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Olin Township, NC
How long does it take to sell a home in Olin Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
1 Day | 166 Days | +16550.0% |
Summary: Homes in Olin Township had an average of 166 days on market in May 2024, up by 16550% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Olin Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.