$3,319 Closing Credit*
$279,500
1,288 SqFt
3 Beds
•1 Full Bath
Listing Office: Century 21 American Homes
Is Drexel Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Drexel Township has remained a Seller's Market.
Key Takeaway
Drexel Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Drexel Township, NC
How much do homes in Drexel Township, NC cost?
Median Sold Price
$230,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,550(+3.4%)
Key Takeaway
Homes in Drexel Township have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Drexel Township was $230,000 in November 2024, up 3.4% 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 | - | $239K | N/A |
| 2 Bedrooms | $172.5K | $171.2K | -0.7% |
| 3 Bedrooms | $246.5K | $249.9K | +1.4% |
| 4 Bedrooms | $340K | $285.2K | -16.1% |
| 5+ Bedrooms | $228K | $352.5K | +54.6% |
Summary: Drexel Township 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 0.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 54.6%.
Median Sold Price Compared To Nearby Cities
| Drexel | $209K | $221.7K | +6.1% |
| Drexel Township | $222.4K | $230K | +3.4% |
| Valdese | $243.7K | $249.9K | +2.5% |
| Lovelady Township | $255K | $259.9K | +1.9% |
Housing Supply in Drexel Township, NC
How many homes are available in Drexel Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Drexel Township real estate market had 27 homes for sale in November 2024, a 3.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Drexel Township 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Drexel Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Drexel Township in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Drexel Township, NC
How long does it take to sell a home in Drexel Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 42 Days | +86.2% |
Summary: Homes in Drexel Township had an average of 42 days on market in Nov 2024, up by 86.2% compared to last year.
Breakdown of Home Sale Times
5 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 Drexel Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Drexel Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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