$2,374 Closing Credit*
$199,900
1,286 SqFt
3 Beds
•2 Full Baths
Heather Hughes, Listing Office: Everything Pines Partners Sanf
Is North Albemarle Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Albemarle Township has remained a Seller's Market.
Key Takeaway
North Albemarle Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Albemarle Township, NC
How much do homes in North Albemarle Township, NC cost?
Median Sold Price
$257,950
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,050(+8.4%)
Key Takeaway
Homes in North Albemarle Township have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in North Albemarle Township was $257,950 in October 2024, up 8.4% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $165K | $181.7K | +10.2% |
| 3 Bedrooms | $247K | $269.5K | +9.1% |
| 4 Bedrooms | $340K | $324.2K | -4.6% |
| 5+ Bedrooms | $327.5K | $433.7K | +32.4% |
Summary: North Albemarle Township 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 10.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 32.4%.
Median Sold Price Compared To Nearby Cities
| South Albemarle Township | $239.2K | $281K | +17.5% |
| Albemarle | $240K | $276.1K | +15.1% |
| North Albemarle Township | $237.9K | $257.9K | +8.4% |
| Harris Township | $285K | $295.6K | +3.7% |
Housing Supply in North Albemarle Township, NC
How many homes are available in North Albemarle Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 126 | +8.6% |
Summary: The North Albemarle Township real estate market had 126 homes for sale in October 2024, a 8.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 75 | 80 | +6.7% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The North Albemarle Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 24 | +60.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Albemarle Township, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in North Albemarle Township in October 2024, up by 60.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 42% were sold at asking, and 13% were sold over asking.
Days on Market for North Albemarle Township, NC
How long does it take to sell a home in North Albemarle Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 95 Days | 55 Days | -42.0% |
Summary: Homes in North Albemarle Township had an average of 55 days on market in Oct 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Albemarle Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in North Albemarle Township; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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