Is Cedar Grove, NC 27231 a buyer’s or seller’s market?
Cedar Grove is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Cedar Grove housing market right now
In the three months ending August 31, 2026, 50% of homes in Cedar Grove, NC 27231 sold above their list price, the typical home went under contract in 70 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (37 days then) and the median sale price rose 29% to $439,810. Overall, Cedar Grove is more competitive than a year ago, so tougher for buyers.
Within Orange County, homes here sell more slowly, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Efland 27243 (17% sold over asking) or Hillsborough 27278 (19% sold over asking).
Run the numbers for 27231
Nearby markets
Carrboro 27510Seller’s market $282 /sq ftChapel Hill 27514Balanced $299 /sq ftChapel Hill 27516Seller’s market $277 /sq ftEfland 27243Balanced $270 /sq ft Browse all markets →Towns like Cedar Grove nearby
Find towns like Cedar Grove in other states →Where Cedar Grove is
Loading map…
Questions about Cedar Grove real estate
Is Cedar Grove a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Cedar Grove, NC 27231 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cedar Grove?
The typical home went under contract in 70 days in the latest three months.
Do homes in Cedar Grove sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 102.3% of the list price.
What are property taxes in Cedar Grove?
About 0.91% of a home’s value a year in Orange County, or roughly $3,640 on a $400,000 home.
What is the median home price in Cedar Grove?
The median sale price was $439,810 in the three months ending August 31, 2026, about $244 per square foot.
Local agents
See all agents in 27231 →No sponsored agents in 27231 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 27231
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology