Is Chocowinity 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, Chocowinity Township has remained a Seller's Market.
Housing Prices in Chocowinity Township, NC
How much do homes in Chocowinity Township, NC cost?
Median Sold Price
$442,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chocowinity Township was $442,000 in May 2024, up 7.8% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $142.5K | $183K | +28.4% |
3 Bedrooms | $365K | $388.5K | +6.4% |
4 Bedrooms | $525K | $555.4K | +5.8% |
5+ Bedrooms | $277K | $610K | +120.2% |
Summary: Chocowinity 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 28.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 120.2%.
Median Sold Price Compared To Nearby Cities
Washington | $234.9K | $264.4K | +12.6% |
Chocowinity Township | $410K | $442K | +7.8% |
Chocowinity | $469.5K | $475K | +1.2% |
Grimesland Township | $310.3K | $302.9K | -2.4% |
Housing Supply in Chocowinity Township, NC
How many homes are available in Chocowinity Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 39 | -7.1% |
Summary: The Chocowinity Township real estate market had 39 homes for sale in May 2024, a 7.1% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 14 | 9 | -35.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chocowinity 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 increased by 8.3%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Chocowinity Township in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chocowinity Township, NC
How long does it take to sell a home in Chocowinity Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 22 Days | -61.3% |
Summary: Homes in Chocowinity Township had an average of 22 days on market in May 2024, down by 61.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Chocowinity Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.