Is Chocowinity Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chocowinity Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Chocowinity Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Chocowinity Township, NC

How much do homes in Chocowinity Township, NC cost?

Median Sold Price

$442,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$53,000(+13.6%)

Key Takeaway

Homes in Chocowinity Township have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Chocowinity Township was $442,000 in February 2024, up 13.6% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $210K$131.7K
-37.3%
3 $346K$389K
+12.4%
4 $525K$560K
+6.7%
5+ $549.9K$277K
-49.6%

Summary: Chocowinity Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.3%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 49.6%.

Median Sold Price Compared To Nearby Cities

Chocowinity Township
+13.6%
Washington
+11.4%
Chocowinity
0.1%
Grimesland Township
-3.1%

Housing Supply in Chocowinity Township, NC

How many homes are available in Chocowinity Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2735+29.6%

Summary: The Chocowinity Township real estate market had 35 homes for sale in February 2024, a 29.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 03
+100.0%
3 1921
+10.5%
4 710
+42.9%
5+ 11
0.0%

Summary: The Chocowinity Township housing inventory by bedroom type for February 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 10.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chocowinity Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Chocowinity Township in February 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Chocowinity Township, NC

How long does it take to sell a home in Chocowinity Township, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
36 Days4 Days-89.0%

Summary: Homes in Chocowinity Township had an average of 4 days on market in Feb 2024, down by 89% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 3 homes were sold in Chocowinity Township; 100% of homes were sold within 30 days, 0% 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 27 Days Ago

Newest Listings in Chocowinity Township, NC

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