Is Alamance County, 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, Alamance County has remained a Seller's Market.
Housing Prices in Alamance County, NC
How much do homes in Alamance County, NC cost?
Median Sold Price
$316,530
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alamance County was $316,530 in May 2024, down 1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $103.7K | -20.2% |
2 Bedrooms | $165K | $180K | +9.1% |
3 Bedrooms | $295K | $300K | +1.7% |
4 Bedrooms | $393.2K | $377.3K | -4.0% |
5+ Bedrooms | $426.1K | $440K | +3.2% |
Summary: Alamance County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.2%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Counties
Caswell County | $215K | $247.5K | +15.1% |
Orange County | $560.4K | $598.4K | +6.8% |
Chatham County | $520K | $546.8K | +5.2% |
Guilford County | $283.1K | $291.6K | +3.0% |
Alamance County | $319.6K | $316.5K | -1.0% |
Housing Supply in Alamance County, NC
How many homes are available in Alamance County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
773 | 794 | +2.7% |
Summary: The Alamance County real estate market had 794 homes for sale in May 2024, a 2.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 93 | 107 | +15.1% |
3 Bedrooms | 412 | 399 | -3.2% |
4 Bedrooms | 210 | 229 | +9.0% |
5+ Bedrooms | 55 | 56 | +1.8% |
Summary: The Alamance County 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 increased by 15.1%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 1.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
194 | 234 | +20.6% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Summary: A total of 234 homes were sold or pending in Alamance County in May 2024, up by 20.6% month-over-month. Of the 234 sold homes, 38% were sold under asking, 35% were sold at asking, and 28% were sold over asking.
Days on Market for Alamance County, NC
How long does it take to sell a home in Alamance County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 32 Days | -32.6% |
Summary: Homes in Alamance County had an average of 32 days on market in May 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
164 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During May 2024, 234 homes were sold in Alamance County; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.