Is Alleghany County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Alleghany County was a Seller's Market.
Housing Prices in Alleghany County, NC
How much do homes in Alleghany County, NC cost?
Median Sold Price
$298,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alleghany County was $298,000 in March 2024, down 1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $245K | +81.5% |
2 Bedrooms | $280K | $339K | +21.1% |
3 Bedrooms | $333K | $249.5K | -25.1% |
4 Bedrooms | $550K | $457.5K | -16.8% |
5+ Bedrooms | $550K | $770K | +40.0% |
Summary: Alleghany County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.5%, 2 bedroom homes increased by 21.1%, 3 bedroom homes decreased by 25.1%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Counties
Surry County | $210K | $229.6K | +9.4% |
Wilkes County | $248.7K | $265.1K | +6.6% |
Alleghany County | $301K | $298K | -1.0% |
Housing Supply in Alleghany County, NC
How many homes are available in Alleghany County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 26 | +36.8% |
Summary: The Alleghany County real estate market had 26 homes for sale in March 2024, a 36.8% 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 | 4 | 7 | +75.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Alleghany County 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 increased by 75%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Alleghany County in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Alleghany County, NC
How long does it take to sell a home in Alleghany County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 85 Days | +108.2% |
Summary: Homes in Alleghany County had an average of 85 days on market in Mar 2024, up by 108.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Alleghany County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.