Is Chocowinity Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Chocowinity Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210K | $131.7K | -37.3% |
3 Bedrooms | $346K | $389K | +12.4% |
4 Bedrooms | $525K | $560K | +6.7% |
5+ Bedrooms | $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 | $389K | $442K | +13.6% |
Washington | $229K | $255K | +11.4% |
Chocowinity | $472K | $472.5K | 0.1% |
Grimesland Township | $310K | $300.3K | -3.1% |
Housing Supply in Chocowinity Township, NC
How many homes are available in Chocowinity Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
27 | 35 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 3 | +100.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 1 | 1 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 3 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 4 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
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.