Is Drexel, 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, Drexel was a Buyer's Market.
Key Takeaway
Drexel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Drexel, NC
How much do homes in Drexel, NC cost?
Median Sold Price
$200,000
$204/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Drexel have sold for 5.3% more than they did a month ago.
Summary: The median home sold price in Drexel was $200,000 in June 2024, up 5.3% from last month, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $190K | 0.0% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $625K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Drexel housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Drexel, NC
How many homes are available in Drexel, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Drexel real estate market had 12 homes for sale in June 2024, a 9.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Drexel housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Drexel, 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 Drexel in June 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Drexel, NC
How long does it take to sell a home in Drexel, NC?
Average Sale Time
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 38 Days | 80 Days | +110.5% |
Summary: Homes in Drexel had an average of 80 days on market in Jun 2024, up by 110.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Drexel are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 3 homes were sold in Drexel; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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