Is Alleghany Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alleghany Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Alleghany Township has remained a Seller's Market.

Key Takeaway

Alleghany Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alleghany Township, NC

How much do homes in Alleghany Township, NC cost?

Median Sold Price

$490,800

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$85,800(+21.2%)

Key Takeaway

Homes in Alleghany Township have sold for 21.2% more than they did a year ago.

Summary: The median home sold price in Alleghany Township was $490,800 in May 2024, up 21.2% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $71K$80K
+12.7%
2 $405K$107.7K
-73.4%
3 $450K$551.5K
+22.6%
4 $737.5K$712.5K
-3.4%
5+ $925K-
N/A

Summary: Alleghany Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes decreased by 73.4%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes did not change.

Housing Supply in Alleghany Township, NC

How many homes are available in Alleghany Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
69+50.0%

Summary: The Alleghany Township real estate market had 9 homes for sale in May 2024, a 50.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 44
0.0%
4 02
+100.0%
5+ 00
0.0%

Summary: The Alleghany 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alleghany Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Alleghany Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Alleghany Township, NC

How long does it take to sell a home in Alleghany Township, NC?

Average Sale Time

May 2023May 2024CHANGE
5 Days12 Days+150.0%

Summary: Homes in Alleghany Township had an average of 12 days on market in May 2024, up by 150% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alleghany Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Alleghany Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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