Is Chadbourn, 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, Chadbourn was a Seller's Market.
Housing Prices in Chadbourn, NC
How much do homes in Chadbourn, NC cost?
Median Sold Price
$161,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chadbourn was $161,000 in May 2024, up 13.4% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $62.5K | $120K | +92.0% |
3 Bedrooms | $135K | $175K | +29.6% |
4 Bedrooms | $200K | $198.5K | -0.8% |
5+ Bedrooms | $246K | $145K | -41.1% |
Summary: Chadbourn 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 92%, 3 bedroom homes increased by 29.6%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 41.1%.
Median Sold Price Compared To Nearby Cities
Chadbourn | $142K | $161K | +13.4% |
Chadbourn Township | $150K | $161K | +7.3% |
Housing Supply in Chadbourn, NC
How many homes are available in Chadbourn, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Summary: The Chadbourn real estate market had 19 homes for sale in May 2024, a 5.6% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chadbourn 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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Chadbourn in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Chadbourn, NC
How long does it take to sell a home in Chadbourn, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
115 Days | 55 Days | -52.3% |
Summary: Homes in Chadbourn had an average of 55 days on market in May 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Chadbourn; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.