Is Oak Level 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, Oak Level Township has remained a Seller's Market.
Key Takeaway
Oak Level Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oak Level Township, NC
How much do homes in Oak Level Township, NC cost?
Median Sold Price
$272,450
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oak Level Township have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in Oak Level Township was $272,450 in May 2024, down 5.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $164.7K | $185.2K | +12.4% |
| 3 Bedrooms | $270K | $270K | 0.0% |
| 4 Bedrooms | $316K | $512.5K | +62.2% |
| 5+ Bedrooms | $330K | $849.9K | +157.5% |
Summary: Oak Level 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 12.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 62.2%, and 5+ bedroom homes increased by 157.5%.
Median Sold Price Compared To Nearby Cities
| Stony Creek Township | $224.3K | $250K | +11.4% |
| Nashville | $258K | $285K | +10.5% |
| Nashville Township | $259.4K | $285K | +9.9% |
| Rocky Mount Township | $211.9K | $210K | -0.9% |
| Oak Level Township | $289.2K | $272.4K | -5.8% |
Housing Supply in Oak Level Township, NC
How many homes are available in Oak Level Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Summary: The Oak Level Township real estate market had 21 homes for sale in May 2024, a 31.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oak Level 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 remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Level Township, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Oak Level Township in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Oak Level Township, NC
How long does it take to sell a home in Oak Level Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 17 Days | -64.9% |
Summary: Homes in Oak Level Township had an average of 17 days on market in May 2024, down by 64.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oak Level Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Oak Level Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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