$4,691 Closing Credit*
$395,000
1,917 SqFt
3 Beds
•2 Full Baths
Danalis Arzola, Listing Office: Danalys Real Estate Firm
Is Alamance County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$321,800
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,785(+2.2%)
Key Takeaway
Homes in Alamance County have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Alamance County was $321,800 in October 2024, up 2.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $92.5K | -31.5% |
| 2 Bedrooms | $175K | $190K | +8.6% |
| 3 Bedrooms | $295K | $310K | +5.1% |
| 4 Bedrooms | $386.9K | $385K | -0.5% |
| 5+ Bedrooms | $425.9K | $424.2K | -0.4% |
Summary: Alamance County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.5%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Counties
| Orange County | $585.3K | $621.1K | +6.1% |
| Guilford County | $284.4K | $294.9K | +3.7% |
| Alamance County | $315K | $321.8K | +2.2% |
| Chatham County | $536.6K | $536.3K | -0.1% |
| Caswell County | $264.7K | $241.5K | -8.8% |
Housing Supply in Alamance County, NC
How many homes are available in Alamance County, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 896 | 919 | +2.6% |
Summary: The Alamance County real estate market had 919 homes for sale in October 2024, a 2.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 123 | 122 | -0.8% |
| 3 Bedrooms | 448 | 456 | +1.8% |
| 4 Bedrooms | 251 | 260 | +3.6% |
| 5+ Bedrooms | 69 | 77 | +11.6% |
Summary: The Alamance County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 11.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 183 | 194 | +6.0% |
Asking Price vs. Sold Price
98 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alamance County, you may be able to get a good deal. 50.5% of homes here sold below asking price last month.
Summary: A total of 194 homes were sold or pending in Alamance County in October 2024, up by 6.0% month-over-month. Of the 194 sold homes, 51% were sold under asking, 35% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 42 Days | -20.7% |
Summary: Homes in Alamance County had an average of 42 days on market in Oct 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alamance County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 194 homes were sold in Alamance County; 56% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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