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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Asheboro Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Asheboro Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Asheboro Township, NC

How much do homes in Asheboro Township, NC cost?

Median Sold Price

$250,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+2.0%)

Key Takeaway

Homes in Asheboro Township have sold for 2% more than they did a year ago.

Summary: The median home sold price in Asheboro Township was $250,000 in November 2024, up 2% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $117K$92.5K
-20.9%
2 $166K$189.5K
+14.2%
3 $255K$262.5K
+2.9%
4 $274.4K$310K
+12.9%
5+ $360K$649.9K
+80.6%

Summary: Asheboro Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 80.6%.

Median Sold Price Compared To Nearby Cities

Back Creek Township
+50.4%
Franklinville Township
+14.6%
Asheboro
+4.1%
Asheboro Township
+2.0%
Cedar Grove Township
+0.7%

Housing Supply in Asheboro Township, NC

How many homes are available in Asheboro Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
147148+0.7%

Summary: The Asheboro Township real estate market had 148 homes for sale in November 2024, a 0.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 2730
+11.1%
3 10096
-4.0%
4 1516
+6.7%
5+ 55
0.0%

Summary: The Asheboro Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4236-14.3%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Asheboro Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Asheboro Township in November 2024, down by 14.3% month-over-month. Of the 36 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for Asheboro Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days31 Days+58.1%

Summary: Homes in Asheboro Township had an average of 31 days on market in Nov 2024, up by 58.1% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 36 homes were sold in Asheboro Township; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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 Asheboro Township, NC

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What housing markets are near Asheboro Township, NC?