Is Chowan County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chowan County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Chowan County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Chowan County, NC cost?

Median Sold Price

$159,000

$105/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

-$48,000(-23.2%)

Key Takeaway

Homes in Chowan County have sold for 23.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 $279K-
N/A
2 $125K$156.2K
+25.0%
3 $239K$259.9K
+8.7%
4 -$101K
N/A
5+ $579K-
N/A

Median Sold Price Compared To Nearby Counties

Chowan County
-23.2%
Gates County
-44.9%
Perquimans County
-46.0%

How many homes are available in Chowan County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
4443-2.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 97
-22.2%
3 2423
-4.2%
4 79
+28.6%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
109-10.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chowan County, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2022Nov 2022%
17 Days26 Days+52.9%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chowan 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 Chowan County, NC

Homes for sale in Chowan County, NC have reached 43. The number of homes for sale in Chowan County, NC decreased by 2.3% between October 2022 and November 2022. In November 2022 median list price was $159,000 and the average listing age was 26 days. Listing prices have changed in this real estate market between November 2021 and November 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 25%, prices of 3 bedrooms properties increased by 8.7%, prices of 4 bedrooms properties increased by 0%, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 22.2%, 3 bedrooms homes became 4.2% less available, the quantity of 4 bedrooms homes went up by 28.6%, volume of 5 bedrooms homes stayed the same. In November 2022, from all listings sold in Chowan County, NC there were more than 2 sold above asking price, over 7 sold below and more than 0 were sold right at the asked price.

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