Is Tobaccoville, 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, Tobaccoville has remained a Seller's Market.
Key Takeaway
Tobaccoville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tobaccoville, NC
How much do homes in Tobaccoville, NC cost?
Median Sold Price
$288,450
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tobaccoville have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Tobaccoville was $288,450 in May 2024, up 14.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | - | N/A |
| 2 Bedrooms | $195K | $140.2K | -28.1% |
| 3 Bedrooms | $253.5K | $285.2K | +12.5% |
| 4 Bedrooms | $363K | $330K | -9.1% |
| 5+ Bedrooms | $368K | $345K | -6.3% |
Summary: Tobaccoville 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 28.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Tobaccoville | $252K | $288.4K | +14.5% |
| Old Richmond Township | $253.5K | $269.9K | +6.5% |
| Pfafftown | $335K | $340K | +1.5% |
| Bethania Township | $256.9K | $260K | +1.2% |
| King | $285K | $275.5K | -3.3% |
Housing Supply in Tobaccoville, NC
How many homes are available in Tobaccoville, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Tobaccoville real estate market had 21 homes for sale in May 2024, a 12.5% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tobaccoville 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 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
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 Tobaccoville, 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 Tobaccoville in May 2024, the same as the previous 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 Tobaccoville, NC
How long does it take to sell a home in Tobaccoville, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 33 Days | +450.0% |
Summary: Homes in Tobaccoville had an average of 33 days on market in May 2024, up by 450% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tobaccoville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Tobaccoville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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