$3,881 Closing Credit*
$326,810
1,934 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Meritage Homes of the Carolinas
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 November 2023
At the same time last year, North Albemarle Township was a Seller's Market.
Key Takeaway
North Albemarle Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Albemarle Township, NC
How much do homes in North Albemarle Township, NC cost?
Median Sold Price
$260,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,050(+10.7%)
Key Takeaway
Homes in North Albemarle Township have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in North Albemarle Township was $260,000 in November 2024, up 10.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $165K | $181.7K | +10.2% |
| 3 Bedrooms | $245K | $272.5K | +11.2% |
| 4 Bedrooms | $330K | $324.2K | -1.7% |
| 5+ Bedrooms | $356.2K | $430K | +20.7% |
Summary: North Albemarle 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 increased by 10.2%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 20.7%.
Median Sold Price Compared To Nearby Cities
| South Albemarle Township | $240K | $281K | +17.1% |
| Albemarle | $240.1K | $279.1K | +16.3% |
| North Albemarle Township | $234.9K | $260K | +10.7% |
Housing Supply in North Albemarle Township, NC
How many homes are available in North Albemarle Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 113 | -5.8% |
Summary: The North Albemarle Township real estate market had 113 homes for sale in November 2024, a 5.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 80 | 78 | -2.5% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The North Albemarle 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 6.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 14 | -46.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 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. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in North Albemarle Township in November 2024, down by 46.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 28 Days | +0.6% |
Summary: Homes in North Albemarle Township had an average of 28 days on market in Nov 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 14 homes were sold in North Albemarle Township; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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