Is Alexander County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alexander County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Alexander County was a Seller's Market.

Key Takeaway

Alexander County 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 Alexander County, NC

How much do homes in Alexander County, NC cost?

Median Sold Price

$263,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$1,950(-0.7%)

Key Takeaway

Homes in Alexander County have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Alexander County was $263,000 in March 2024, down 0.7% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $250K$186.2K
-25.5%
2 $160K$162.5K
+1.6%
3 $270K$287K
+6.3%
4 $441K$345K
-21.8%
5+ $320K$305K
-4.7%

Summary: Alexander County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Counties

Catawba County
+8.9%
Caldwell County
+7.4%
Wilkes County
+6.6%
Iredell County
+1.2%
Alexander County
-0.7%

Housing Supply in Alexander County, NC

How many homes are available in Alexander County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
92105+14.1%

Summary: The Alexander County real estate market had 105 homes for sale in March 2024, a 14.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 2028
+40.0%
3 5963
+6.8%
4 911
+22.2%
5+ 22
0.0%

Summary: The Alexander County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1517+13.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alexander County, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Alexander County in March 2024, up by 13.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 6% were sold at asking, and 47% were sold over asking.

Days on Market for Alexander County, NC

How long does it take to sell a home in Alexander County, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
45 Days33 Days-28.0%

Summary: Homes in Alexander County had an average of 33 days on market in Mar 2024, down by 28% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 17 homes were sold in Alexander County; 53% of homes were sold within 30 days, 47% 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 11 Days Ago

Newest Listings in Alexander County, NC

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