Is Chicod Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chicod Township was a Seller's Market.
Key Takeaway
Chicod 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 Chicod Township, NC
How much do homes in Chicod Township, NC cost?
Median Sold Price
$317,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chicod Township have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in Chicod Township was $317,000 in May 2024, down 5.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $111.5K | N/A |
| 2 Bedrooms | $181.2K | $203K | +12.0% |
| 3 Bedrooms | $305K | $297.5K | -2.5% |
| 4 Bedrooms | $455.1K | $413.4K | -9.2% |
| 5+ Bedrooms | $392.3K | $378K | -3.7% |
Summary: Chicod 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 increased by 12%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Swift Creek Township | $307.9K | $350K | +13.6% |
| Chocowinity Township | $410K | $442K | +7.8% |
| Winterville Township | $284.1K | $290K | +2.0% |
| Grimesland Township | $310.3K | $302.9K | -2.4% |
| Chicod Township | $336.4K | $317K | -5.8% |
Housing Supply in Chicod Township, NC
How many homes are available in Chicod Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Chicod Township real estate market had 18 homes for sale in May 2024, a 5.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chicod 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chicod Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Chicod Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Chicod Township, NC
How long does it take to sell a home in Chicod Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 45 Days | +123.5% |
Summary: Homes in Chicod Township had an average of 45 days on market in May 2024, up by 123.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chicod Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Chicod Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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