Is Albemarle, 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, Albemarle has remained a Seller's Market.
Housing Prices in Albemarle, NC
How much do homes in Albemarle, NC cost?
Median Sold Price
$250,160
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Albemarle was $250,160 in March 2024, up 6.7% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | $99.5K | +47.4% |
2 Bedrooms | $149.9K | $167.5K | +11.7% |
3 Bedrooms | $242.3K | $255K | +5.2% |
4 Bedrooms | $300K | $324.6K | +8.2% |
5+ Bedrooms | $310K | $385K | +24.2% |
Summary: Albemarle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.4%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 24.2%.
Median Sold Price Compared To Nearby Cities
Albemarle | $234.4K | $250.1K | +6.7% |
North Albemarle Township | $229.6K | $242K | +5.4% |
Harris Township | $290K | $300K | +3.4% |
South Albemarle Township | $250K | $249.2K | -0.3% |
Housing Supply in Albemarle, NC
How many homes are available in Albemarle, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
144 | 156 | +8.3% |
Summary: The Albemarle real estate market had 156 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 91 | 103 | +13.2% |
4 Bedrooms | 21 | 21 | 0.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Albemarle housing inventory by bedroom type for March 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 13.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 34 | +41.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Albemarle in March 2024, up by 41.7% month-over-month. Of the 34 sold homes, 71% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Albemarle, NC
How long does it take to sell a home in Albemarle, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 54 Days | +22.9% |
Summary: Homes in Albemarle had an average of 54 days on market in Mar 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Albemarle; 47% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.