Is Chowan County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Chowan County was a Neutral Market.
Housing Prices in Chowan County, NC
How much do homes in Chowan County, NC cost?
Median Sold Price
$259,500
$153/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Chowan County was $259,500 in March 2024, up 39.1% from last month, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $117.5K | $204.5K | +74.0% |
3 Bedrooms | $200.5K | $291.2K | +45.3% |
4 Bedrooms | $285.1K | $264.7K | -7.1% |
5+ Bedrooms | - | - | N/A |
Summary: Chowan County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 74%, 3 bedroom homes increased by 45.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Chowan County | $186.5K | $259.5K | +39.1% |
Perquimans County | $336K | $379.7K | +13.0% |
Housing Supply in Chowan County, NC
How many homes are available in Chowan County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 107 | +20.2% |
Summary: The Chowan County real estate market had 107 homes for sale in March 2024, a 20.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 57 | 68 | +19.3% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Chowan 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 decreased by 7.1%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Chowan County in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Chowan County, NC
How long does it take to sell a home in Chowan County, NC?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 38 Days | +52.2% |
Summary: Homes in Chowan County had an average of 38 days on market in Mar 2024, up by 52.2% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Chowan County; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.