Is Alamance County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Alamance County has remained a Seller's Market.
Key Takeaway
Alamance County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alamance County, NC
How much do homes in Alamance County, NC cost?
Median Sold Price
$314,945
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Alamance County has remained the same since last year.
Summary: The median home sold price in Alamance County was $314,945 in March 2024, up 0.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $133.7K | -16.4% |
| 2 Bedrooms | $170K | $178.2K | +4.9% |
| 3 Bedrooms | $292.8K | $297K | +1.4% |
| 4 Bedrooms | $394.1K | $379.9K | -3.6% |
| 5+ Bedrooms | $456.5K | $455K | -0.3% |
Summary: Alamance County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Counties
| Caswell County | $215K | $262K | +21.9% |
| Orange County | $555.3K | $606.8K | +9.3% |
| Guilford County | $275K | $289.2K | +5.2% |
| Chatham County | $523K | $531.6K | +1.7% |
| Alamance County | $314.6K | $314.9K | 0.1% |
Housing Supply in Alamance County, NC
How many homes are available in Alamance County, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 709 | 739 | +4.2% |
Summary: The Alamance County real estate market had 739 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 103 | 99 | -3.9% |
| 3 Bedrooms | 395 | 426 | +7.8% |
| 4 Bedrooms | 165 | 164 | -0.6% |
| 5+ Bedrooms | 41 | 43 | +4.9% |
Summary: The Alamance County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 137 | 199 | +45.3% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alamance County, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 199 homes were sold or pending in Alamance County in March 2024, up by 45.3% month-over-month. Of the 199 sold homes, 44% were sold under asking, 36% were sold at asking, and 20% were sold over asking.
Days on Market for Alamance County, NC
How long does it take to sell a home in Alamance County, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 81 Days | 58 Days | -27.7% |
Summary: Homes in Alamance County had an average of 58 days on market in Mar 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
72 Homes Were Sold
In 30 - 90 Days
41 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alamance County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 199 homes were sold in Alamance County; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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