$2,909 Closing Credit*
$245,000
1,320 SqFt
3 Beds
•2 Full Baths
#100475825, Listing Office: Keller Williams Realty Points East
Is Chocowinity, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Chocowinity was a Neutral Market.
Key Takeaway
Chocowinity is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chocowinity, NC
How much do homes in Chocowinity, NC cost?
Median Sold Price
$482,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,500(-0.5%)
Key Takeaway
Homes in Chocowinity have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Chocowinity was $482,500 in October 2024, down 0.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $261.5K | +190.6% |
| 3 Bedrooms | $430K | $450K | +4.7% |
| 4 Bedrooms | $575K | $531.5K | -7.6% |
| 5+ Bedrooms | $277K | $357.2K | +29.0% |
Summary: Chocowinity housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 190.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 29%.
Median Sold Price Compared To Nearby Cities
| Chocowinity Township | $422.5K | $465K | +10.1% |
| Chocowinity | $485K | $482.5K | -0.5% |
Housing Supply in Chocowinity, NC
How many homes are available in Chocowinity, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Chocowinity real estate market had 23 homes for sale in October 2024, a 4.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chocowinity 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chocowinity, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Chocowinity in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chocowinity, NC
How long does it take to sell a home in Chocowinity, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 48 Days | -11.0% |
Summary: Homes in Chocowinity had an average of 48 days on market in Oct 2024, down by 11% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chocowinity are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Chocowinity; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
