Is Alexander 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, Alexander County has remained a Seller's Market.
Housing Prices in Alexander County, NC
How much do homes in Alexander County, NC cost?
Median Sold Price
$275,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alexander County was $275,000 in May 2024, up 5.4% 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 | $250K | $142.5K | -43.0% |
2 Bedrooms | $162.5K | $188K | +15.7% |
3 Bedrooms | $268K | $297K | +10.8% |
4 Bedrooms | $402.5K | $405K | +0.6% |
5+ Bedrooms | $315.7K | $1.0M | +245.3% |
Summary: Alexander County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 245.3%.
Median Sold Price Compared To Nearby Counties
Wilkes County | $246.8K | $273.7K | +10.9% |
Caldwell County | $224.3K | $245K | +9.2% |
Catawba County | $273K | $290.1K | +6.3% |
Alexander County | $261K | $275K | +5.4% |
Iredell County | $378.4K | $384.8K | +1.7% |
Housing Supply in Alexander County, NC
How many homes are available in Alexander County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
117 | 118 | +0.9% |
Summary: The Alexander County real estate market had 118 homes for sale in May 2024, a 0.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 28 | 28 | 0.0% |
3 Bedrooms | 71 | 72 | +1.4% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Alexander 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 remained the same, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Alexander County in May 2024, up by 26.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Alexander County, NC
How long does it take to sell a home in Alexander County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 38 Days | +13.3% |
Summary: Homes in Alexander County had an average of 38 days on market in May 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Alexander County; 63% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.