Is White Oak 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, White Oak Township has remained a Seller's Market.
Key Takeaway
White Oak Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in White Oak Township, NC
How much do homes in White Oak Township, NC cost?
Median Sold Price
$601,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in White Oak Township have sold for 26% more than they did a year ago.
Summary: The median home sold price in White Oak Township was $601,000 in May 2024, up 26% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $291K | $300K | +3.1% |
| 2 Bedrooms | $290K | $475K | +63.8% |
| 3 Bedrooms | $470K | $569K | +21.1% |
| 4 Bedrooms | $603K | $659.9K | +9.4% |
| 5+ Bedrooms | $1.6M | $1.5M | -8.8% |
Summary: White Oak Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 63.8%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 8.8%.
Housing Supply in White Oak Township, NC
How many homes are available in White Oak Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 229 | 255 | +11.4% |
Summary: The White Oak Township real estate market had 255 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 14 | +7.7% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 99 | 113 | +14.1% |
| 4 Bedrooms | 72 | 81 | +12.5% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The White Oak Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 47 | +51.6% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in White Oak Township, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in White Oak Township in May 2024, up by 51.6% month-over-month. Of the 47 sold homes, 53% were sold under asking, 30% were sold at asking, and 17% were sold over asking.
Days on Market for White Oak Township, NC
How long does it take to sell a home in White Oak Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 36 Days | -34.5% |
Summary: Homes in White Oak Township had an average of 36 days on market in May 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in White Oak Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 47 homes were sold in White Oak Township; 60% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.