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 May 2023
Since last year, Salem Chapel Township has remained a Seller's Market.
Housing Prices in Salem Chapel Township, NC
How much do homes in Salem Chapel Township, NC cost?
Median Sold Price
$269,200
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Salem Chapel Township was $269,200 in May 2024, down 0.3% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $217.2K | $150.2K | -30.8% |
3 Bedrooms | $280K | $299K | +6.8% |
4 Bedrooms | $360K | $265K | -26.4% |
5+ Bedrooms | - | - | N/A |
Summary: Salem Chapel Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Belews Creek Township | $292.5K | $315K | +7.7% |
Kernersville Township | $324.7K | $339.3K | +4.5% |
Salem Chapel Township | $270K | $269.2K | -0.3% |
Walkertown | $305K | $301.5K | -1.1% |
Housing Supply in Salem Chapel Township, NC
How many homes are available in Salem Chapel Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 32 | +14.3% |
Summary: The Salem Chapel Township real estate market had 32 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Salem Chapel Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Salem Chapel Township in May 2024, up by 83.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 39 Days | -41.8% |
Summary: Homes in Salem Chapel Township had an average of 39 days on market in May 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Salem Chapel Township; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.