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.
Key Takeaway
Olin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Olin Township have sold for 11.9% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Olin Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
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
Key Takeaway
Most homes in Olin Township are taking a long time to sell, it's a good idea to negotiate on homes here.
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.
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