$150,000
Land
Listing Office: Magnolia Dream Real Estate
Is South 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, South Albemarle Township was a Seller's Market.
Key Takeaway
South Albemarle Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Albemarle Township, NC
How much do homes in South Albemarle Township, NC cost?
Median Sold Price
$281,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,000(+17.1%)
Key Takeaway
Homes in South Albemarle Township have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in South Albemarle Township was $281,000 in November 2024, up 17.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $139.9K | $189.2K | +35.2% |
| 3 Bedrooms | $247K | $282.2K | +14.3% |
| 4 Bedrooms | $312.5K | $320K | +2.4% |
| 5+ Bedrooms | $290K | $637.5K | +119.8% |
Summary: South 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 35.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 119.8%.
Median Sold Price Compared To Nearby Cities
| Center Township | $260K | $310K | +19.2% |
| 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 South Albemarle Township, NC
How many homes are available in South Albemarle Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 90 | +5.9% |
Summary: The South Albemarle Township real estate market had 90 homes for sale in November 2024, a 5.9% 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 | 9 | 6 | -33.3% |
| 3 Bedrooms | 60 | 67 | +11.7% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The South 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 decreased by 33.3%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Albemarle Township, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in South Albemarle Township in November 2024, the same as the previous month. Of the 13 sold homes, 46% were sold under asking, 46% were sold at asking, and 8% were sold over asking.
Days on Market for South Albemarle Township, NC
How long does it take to sell a home in South Albemarle Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 20 Days | -32.3% |
Summary: Homes in South Albemarle Township had an average of 20 days on market in Nov 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Albemarle Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in South Albemarle Township; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.