$4,144 Closing Credit*
$349,000
1,695 SqFt
3 Beds
•2 Full Baths, 1 Partial
#100480818, Listing Office: Perry & Co Sotheby's International Realty
Is Chowan County, 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, Chowan County was a Seller's Market.
Key Takeaway
Chowan County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chowan County, NC
How much do homes in Chowan County, NC cost?
Median Sold Price
$279,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,100(+7.3%)
Key Takeaway
Homes in Chowan County have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Chowan County was $279,000 in November 2024, up 7.3% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $180K | $162.5K | -9.7% |
| 3 Bedrooms | $277K | $293.7K | +6.0% |
| 4 Bedrooms | $292K | $375K | +28.4% |
| 5+ Bedrooms | $404.5K | $350K | -13.5% |
Summary: Chowan County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Counties
| Perquimans County | $270K | $335K | +24.1% |
| Chowan County | $259.9K | $279K | +7.3% |
Housing Supply in Chowan County, NC
How many homes are available in Chowan County, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 92 | -1.1% |
Summary: The Chowan County real estate market had 92 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 15 | -25.0% |
| 3 Bedrooms | 52 | 53 | +1.9% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Chowan County 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 25%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chowan County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Chowan County in November 2024, down by 6.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Chowan County, NC
How long does it take to sell a home in Chowan County, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 75 Days | -10.2% |
Summary: Homes in Chowan County had an average of 75 days on market in Nov 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chowan County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Chowan County; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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