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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alleghany County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Alleghany County has remained a Buyer's Market.

Key Takeaway

Alleghany County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Alleghany County, NC

How much do homes in Alleghany County, NC cost?

Median Sold Price

$403,500

$286/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$140,000(+53.1%)

Key Takeaway

Homes in Alleghany County have sold for 53.1% more than they did a month ago.

Summary: The median home sold price in Alleghany County was $403,500 in May 2024, up 53.1% from last month, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 -$276K
N/A
2 $283.5K$450K
+58.7%
3 $233.5K$447.5K
+91.6%
4 --
N/A
5+ --
N/A

Summary: Alleghany County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58.7%, 3 bedroom homes increased by 91.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Alleghany County, NC

How many homes are available in Alleghany County, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3447+38.2%

Summary: The Alleghany County real estate market had 47 homes for sale in May 2024, a 38.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 1015
+50.0%
3 1523
+53.3%
4 54
-20.0%
5+ 22
0.0%

Summary: The Alleghany County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 53.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 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 County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Alleghany County in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.

Days on Market for Alleghany County, NC

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

Average Sale Time

Apr 2024May 2024CHANGE
20 Days6 Days-69.1%

Summary: Homes in Alleghany County had an average of 6 days on market in May 2024, down by 69.1% compared to last month.

Breakdown of Home Sale Times

6 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 County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 6 homes were sold in Alleghany County; 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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