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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alleghany Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Alleghany Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Alleghany Township, NC

How much do homes in Alleghany Township, NC cost?

Median Sold Price

$265,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$286,551(-52.0%)

Key Takeaway

Homes in Alleghany Township have sold for 52% less than they did a year ago.

Summary: The median home sold price in Alleghany Township was $265,000 in October 2024, down 52% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139K$80K
-42.4%
2 $395K$135K
-65.8%
3 $551.5K$385.4K
-30.1%
4 $712.5K-
N/A
5+ -$326K
N/A

Summary: Alleghany Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.4%, 2 bedroom homes decreased by 65.8%, 3 bedroom homes decreased by 30.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Alleghany Township, NC

How many homes are available in Alleghany Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1112+9.1%

Summary: The Alleghany Township real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 57
+40.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Alleghany Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alleghany Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Alleghany Township in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Alleghany Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days154 Days+2466.7%

Summary: Homes in Alleghany Township had an average of 154 days on market in Oct 2024, up by 2466.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Alleghany Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Alleghany Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 17 Days Ago

Newest Listings in Alleghany Township, NC

Nearby Markets to Alleghany Township, NC