Is Watauga Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watauga Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Watauga Township was a Seller's Market.

Key Takeaway

Watauga Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Watauga Township, NC

How much do homes in Watauga Township, NC cost?

Median Sold Price

$476,500

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$23,500(-4.7%)

Key Takeaway

Homes in Watauga Township have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in Watauga Township was $476,500 in May 2024, down 4.7% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$265K
N/A
2 $487.5K$315.3K
-35.3%
3 $629.5K$589.2K
-6.4%
4 $573.7K$815K
+42.0%
5+ -$662K
N/A

Summary: Watauga 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 35.3%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 42%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Watauga Township
-4.7%
Banner Elk
-29.5%

Housing Supply in Watauga Township, NC

How many homes are available in Watauga Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1415+7.1%

Summary: The Watauga Township real estate market had 15 homes for sale in May 2024, a 7.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 21
-50.0%
3 66
0.0%
4 45
+25.0%
5+ 22
0.0%

Summary: The Watauga Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Watauga Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Watauga Township in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Watauga Township, NC

How long does it take to sell a home in Watauga Township, NC?

Average Sale Time

May 2023May 2024CHANGE
32 Days5 Days-84.4%

Summary: Homes in Watauga Township had an average of 5 days on market in May 2024, down by 84.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Watauga Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in Watauga Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Watauga Township, NC

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What housing markets are near Watauga Township, NC?