$3,881 Closing Credit*
$326,810
1,934 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Meritage Homes of the Carolinas
Is Albemarle, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Albemarle was a Seller's Market.
Key Takeaway
Albemarle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Albemarle, NC
How much do homes in Albemarle, NC cost?
Median Sold Price
$279,137
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,037(+16.3%)
Key Takeaway
Homes in Albemarle have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Albemarle was $279,137 in November 2024, up 16.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $85K | -55.3% |
| 2 Bedrooms | $159.9K | $188.2K | +17.7% |
| 3 Bedrooms | $249.9K | $281K | +12.4% |
| 4 Bedrooms | $315K | $324.6K | +3.1% |
| 5+ Bedrooms | $356.2K | $433.7K | +21.8% |
Summary: Albemarle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.3%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
| South Albemarle Township | $240K | $281K | +17.1% |
| Albemarle | $240.1K | $279.1K | +16.3% |
| North Albemarle Township | $234.9K | $260K | +10.7% |
Housing Supply in Albemarle, NC
How many homes are available in Albemarle, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 205 | 207 | +1.0% |
Summary: The Albemarle real estate market had 207 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 142 | 149 | +4.9% |
| 4 Bedrooms | 29 | 24 | -17.2% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Albemarle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 28 | -24.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albemarle, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Albemarle in November 2024, down by 24.3% month-over-month. Of the 28 sold homes, 57% were sold under asking, 32% were sold at asking, and 11% were sold over asking.
Days on Market for Albemarle, NC
How long does it take to sell a home in Albemarle, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 25 Days | -12.9% |
Summary: Homes in Albemarle had an average of 25 days on market in Nov 2024, down by 12.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Albemarle are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in Albemarle; 61% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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