Is Cotton 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, Cotton Grove Township has remained a Seller's Market.
Housing Prices in Cotton Grove Township, NC
How much do homes in Cotton Grove Township, NC cost?
Median Sold Price
$309,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cotton Grove Township was $309,000 in May 2024, down 1.9% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250.4K | $222.5K | -11.2% |
2 Bedrooms | $345K | $351.5K | +1.9% |
3 Bedrooms | $280K | $293K | +4.6% |
4 Bedrooms | $318.9K | $329K | +3.1% |
5+ Bedrooms | $529K | - | N/A |
Summary: Cotton Grove Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Linwood | $221.8K | $265K | +19.5% |
Silver Hill Township | $302.1K | $335K | +10.9% |
Lexington | $280.3K | $284.2K | +1.4% |
Cotton Grove Township | $314.9K | $309K | -1.9% |
Housing Supply in Cotton Grove Township, NC
How many homes are available in Cotton Grove Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 47 | -9.6% |
Summary: The Cotton Grove Township real estate market had 47 homes for sale in May 2024, a 9.6% decrease 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 | 10 | 11 | +10.0% |
3 Bedrooms | 35 | 29 | -17.1% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cotton 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 increased by 10%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 14 | -26.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Cotton Grove Township in May 2024, down by 26.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for Cotton Grove Township, NC
How long does it take to sell a home in Cotton Grove Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 50 Days | +83.2% |
Summary: Homes in Cotton Grove Township had an average of 50 days on market in May 2024, up by 83.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Cotton Grove Township; 79% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.