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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alamance County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Alamance County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Alamance County, NC

How much do homes in Alamance County, NC cost?

Median Sold Price

$322,218

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,284(+2.0%)

Key Takeaway

Homes in Alamance County have sold for 2% more than they did a year ago.

Summary: The median home sold price in Alamance County was $322,218 in November 2024, up 2% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K$100K
-25.9%
2 $177K$185K
+4.5%
3 $296.6K$310K
+4.5%
4 $385.2K$387.3K
0.5%
5+ $425K$426K
0.2%

Summary: Alamance County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Counties

Orange County
+5.7%
Guilford County
+4.1%
Alamance County
+2.0%
Chatham County
0.5%
Caswell County
-6.5%

Housing Supply in Alamance County, NC

How many homes are available in Alamance County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
958915-4.5%

Summary: The Alamance County real estate market had 915 homes for sale in November 2024, a 4.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 53
-40.0%
2 121126
+4.1%
3 480437
-9.0%
4 269271
+0.7%
5+ 8378
-6.0%

Summary: The Alamance County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
207172-16.9%

Asking Price vs. Sold Price

88 Homes Were Sold
Under Asking

55 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alamance County, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.

Summary: A total of 172 homes were sold or pending in Alamance County in November 2024, down by 16.9% month-over-month. Of the 172 sold homes, 51% were sold under asking, 32% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
53 Days43 Days-19.3%

Summary: Homes in Alamance County had an average of 43 days on market in Nov 2024, down by 19.3% compared to last year.

Breakdown of Home Sale Times

88 Homes Were Sold
Under 30 Days

55 Homes Were Sold
In 30 - 90 Days

29 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 172 homes were sold in Alamance County; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 17% 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 21 Days Ago

Newest Listings in Alamance County, NC

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