Is Chocowinity, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chocowinity has remained a Seller's Market.
Key Takeaway
Chocowinity is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chocowinity, NC
How much do homes in Chocowinity, NC cost?
Median Sold Price
$479,500
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chocowinity have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Chocowinity was $479,500 in April 2024, down 0.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $90K | -50.0% |
| 3 Bedrooms | $436.4K | $433.5K | -0.7% |
| 4 Bedrooms | $540K | $550.8K | +2.0% |
| 5+ Bedrooms | $277K | - | N/A |
Summary: Chocowinity housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Chocowinity Township | $400K | $442K | +10.5% |
| Chocowinity | $482K | $479.5K | -0.5% |
Housing Supply in Chocowinity, NC
How many homes are available in Chocowinity, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 35 | +20.7% |
Summary: The Chocowinity real estate market had 35 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Chocowinity housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chocowinity, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Chocowinity in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Chocowinity, NC
How long does it take to sell a home in Chocowinity, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 87 Days | +412.4% |
Summary: Homes in Chocowinity had an average of 87 days on market in Apr 2024, up by 412.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chocowinity are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Chocowinity; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
