$4,038 Closing Credit*
$340,000
1,522 SqFt
3 Beds
•2 Full Baths
Kim Pendergrass, Listing Office: Grow Local Realty, LLC
Is Elevation 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, Elevation Township has remained a Seller's Market.
Key Takeaway
Elevation Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elevation Township, NC
How much do homes in Elevation Township, NC cost?
Median Sold Price
$370,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+8.8%)
Key Takeaway
Homes in Elevation Township have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Elevation Township was $370,000 in November 2024, up 8.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $340K | $336K | -1.2% |
| 3 Bedrooms | $323.4K | $350K | +8.2% |
| 4 Bedrooms | $420K | $444.9K | +5.9% |
| 5+ Bedrooms | - | $275K | N/A |
Summary: Elevation 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 1.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Grove Township | $261.2K | $285K | +9.1% |
| Elevation Township | $340K | $370K | +8.8% |
| Pleasant Grove Township | $381.8K | $375K | -1.8% |
| Cleveland Township | $410.6K | $400K | -2.6% |
| Banner Township | $325K | $314.9K | -3.1% |
Housing Supply in Elevation Township, NC
How many homes are available in Elevation Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 85 | -1.2% |
Summary: The Elevation Township real estate market had 85 homes for sale in November 2024, a 1.2% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 57 | 57 | 0.0% |
| 4 Bedrooms | 28 | 26 | -7.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Elevation 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elevation Township, expect to pay close to the asking price. 63.6% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Elevation Township in November 2024, up by 46.7% month-over-month. Of the 22 sold homes, 36% were sold under asking, 64% were sold at asking, and 0% were sold over asking.
Days on Market for Elevation Township, NC
How long does it take to sell a home in Elevation Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 131 Days | 91 Days | -30.1% |
Summary: Homes in Elevation Township had an average of 91 days on market in Nov 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elevation Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Elevation Township; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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