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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alleghany County is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

-$3,000(-1.0%)

Key Takeaway

Homes in Alleghany County have sold for 1% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $135K$245K
+81.5%
2 $280K$339K
+21.1%
3 $333K$249.5K
-25.1%
4 $550K$457.5K
-16.8%
5+ $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
+9.4%
Wilkes County
+6.6%
Alleghany County
-1.0%

Housing Supply in Alleghany County, NC

How many homes are available in Alleghany County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1926+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 47
+75.0%
3 1113
+18.2%
4 13
+200.0%
5+ 22
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 2024Mar 2024CHANGE
23+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

Asking vs Sold - buyer

Key Takeaway

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

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 2023Mar 2024CHANGE
40 Days85 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 25 Days Ago

Newest Listings in Alleghany County, NC

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