Is North Albemarle 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, North Albemarle Township has remained a Seller's Market.
Housing Prices in North Albemarle Township, NC
How much do homes in North Albemarle Township, NC cost?
Median Sold Price
$244,750
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Albemarle Township was $244,750 in May 2024, up 4.8% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | $85K | +25.9% |
2 Bedrooms | $166K | $170K | +2.4% |
3 Bedrooms | $246.6K | $250.5K | +1.6% |
4 Bedrooms | $291K | $350K | +20.3% |
5+ Bedrooms | $309K | $385K | +24.6% |
Summary: North Albemarle Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
Albemarle | $239.8K | $255K | +6.3% |
South Albemarle Township | $251K | $264.4K | +5.4% |
North Albemarle Township | $233.5K | $244.7K | +4.8% |
Housing Supply in North Albemarle Township, NC
How many homes are available in North Albemarle Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 101 | +24.7% |
Summary: The North Albemarle Township real estate market had 101 homes for sale in May 2024, a 24.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 19 | 18 | -5.3% |
3 Bedrooms | 50 | 66 | +32.0% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The North Albemarle Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 17 | -22.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in North Albemarle Township in May 2024, down by 22.7% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for North Albemarle Township, NC
How long does it take to sell a home in North Albemarle Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 42 Days | -8.1% |
Summary: Homes in North Albemarle Township had an average of 42 days on market in May 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in North Albemarle Township; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.