$5,332 Closing Credit*
$449,000
1,822 SqFt
4 Beds
•2 Full Baths
Matt Rohde, Listing Office: Berkshire Hathaway HomeServices Carolinas Realty
Is Salem Chapel 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, Salem Chapel Township has remained a Seller's Market.
Key Takeaway
Salem Chapel Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salem Chapel Township, NC
How much do homes in Salem Chapel Township, NC cost?
Median Sold Price
$270,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,500(+10.9%)
Key Takeaway
Homes in Salem Chapel Township have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Salem Chapel Township was $270,000 in November 2024, up 10.9% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $159.2K | $167.5K | +5.2% |
| 3 Bedrooms | $280K | $295K | +5.4% |
| 4 Bedrooms | $380K | $335.5K | -11.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Salem Chapel 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 5.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Salem Chapel Township | $243.5K | $270K | +10.9% |
| Belews Creek Township | $312.5K | $318.7K | +2.0% |
| Kernersville Township | $329.4K | $333.1K | +1.1% |
| Middle Fork I Township | $215K | $209.9K | -2.3% |
| Walkertown | $319K | $282.9K | -11.3% |
Housing Supply in Salem Chapel Township, NC
How many homes are available in Salem Chapel Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The Salem Chapel Township real estate market had 19 homes for sale in November 2024, a 35.7% increase 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Salem Chapel 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 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salem Chapel Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Salem Chapel Township in November 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Salem Chapel Township, NC
How long does it take to sell a home in Salem Chapel Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 26 Days | +190.1% |
Summary: Homes in Salem Chapel Township had an average of 26 days on market in Nov 2024, up by 190.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salem Chapel Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Salem Chapel Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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