Is Drexel, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Drexel was a Seller's Market.
Housing Prices in Drexel, NC
How much do homes in Drexel, NC cost?
Median Sold Price
$214,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Drexel was $214,500 in March 2024, up 2.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $163K | $170K | +4.3% |
3 Bedrooms | $207.5K | $233.5K | +12.5% |
4 Bedrooms | $340K | $283K | -16.8% |
5+ Bedrooms | $315K | $311.5K | -1.1% |
Summary: Drexel housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
Valdese | $219.9K | $234K | +6.4% |
Morganton Township | $255K | $266.3K | +4.4% |
Drexel | $209.5K | $214.5K | +2.4% |
Drexel Township | $225K | $230K | +2.2% |
Housing Supply in Drexel, NC
How many homes are available in Drexel, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Summary: The Drexel real estate market had 11 homes for sale in March 2024, a 83.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 2 | 6 | +200.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Drexel 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 increased by 50%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Drexel in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 226 Days | +490.8% |
Summary: Homes in Drexel had an average of 226 days on market in Mar 2024, up by 490.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Drexel; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.