Altos Research

China Grove, NC

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



China Grove, NC

Fri Feb 22 2019
This week the median list price for China Grove, NC is $204,495 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 32. Click here to stay informed with the China Grove market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

China Grove, NC

Fri Feb 22 2019
This week the median list price for China Grove, NC is $204,495 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 32. Click here to stay informed with the China Grove market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the China Grove market.
Median List Price $204,495
Per Square Foot $118
Days on Market 172
Price Decreased 44%
Price Increased 0%
Relisted 9%
Inventory 32
Median House Rent $625
Most Expensive $728,999
Least Expensive $68,500
Market Action Index
Slight Seller's Advantage
33

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$420,000 3,281 1 - 2.5 acres 4 3 14 0 0 339
$316,400 2,398 0.5 - 1 acre 3 2 1 1 0 174
$162,200 1,305 0.25 - 0.5 acre 3 2 1 0 1 147
$127,250 1,135 0.25 - 0.5 acre 3 1 69 2 0 28