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 seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Alleghany County has remained a Seller's Market.

Key Takeaway

Alleghany County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Alleghany County, NC cost?

Median Sold Price

$280,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$5,000(+1.8%)

Key Takeaway

Homes in Alleghany County have sold for 1.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $80K$135K
+68.8%
2 $210K$272K
+29.5%
3 $265K$300K
+13.2%
4 $549.5K$550K
0.1%
5+ $496.5K$550K
+10.8%

Median Sold Price Compared To Nearby Counties

Ashe County
+70.5%
Surry County
+14.7%
Wilkes County
+12.9%
Alleghany County
+1.8%

How many homes are available in Alleghany County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
2925-13.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 78
+14.3%
3 1913
-31.6%
4 01
+100.0%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
87-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 71.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
42 Days40 Days-5.0%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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.

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

About Alleghany County, NC

Homes for sale in Alleghany County, NC have reached 25. The number of listings in Alleghany County, NC decreased by 13.8% between October 2022 and November 2022. Listings spent 40 days on the market in November 2022, and had a median list price of $280,000 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices increased by 68.8%, prices of 2 bedrooms properties increased by 29.5%, prices of 3 bedrooms properties increased by 13.2%, 4 bedrooms properties prices increased by 0.1%, 5 bedrooms properties became 10.8% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 14.3%, the quantity of 3 bedrooms homes went down by 31.6%, 4 bedrooms homes inventory increased by 100%, volume of 5 bedrooms homes stayed the same. Over 1 listings were sold over their listed price in November 2022 in Alleghany County, NC. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price.

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