Is Drexel 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, Drexel Township was a Seller's Market.
Housing Prices in Drexel Township, NC
How much do homes in Drexel Township, NC cost?
Median Sold Price
$224,500
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Drexel Township was $224,500 in February 2024, up 0.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148K | $415K | +180.4% |
2 Bedrooms | $157.2K | $175K | +11.3% |
3 Bedrooms | $240K | $246.5K | +2.7% |
4 Bedrooms | $340K | $324K | -4.7% |
5+ Bedrooms | $315K | $311.5K | -1.1% |
Summary: Drexel Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 180.4%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
Lovelady Township | $226.2K | $249.9K | +10.5% |
Valdese | $217.9K | $234K | +7.4% |
Drexel Township | $222.5K | $224.5K | +0.9% |
Housing Supply in Drexel Township, NC
How many homes are available in Drexel Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Summary: The Drexel Township real estate market had 21 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Drexel 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
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 Drexel Township in February 2024, the same as the previous 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 Drexel Township, NC
How long does it take to sell a home in Drexel Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
13 Days | 55 Days | +315.0% |
Summary: Homes in Drexel Township had an average of 55 days on market in Feb 2024, up by 315% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Drexel Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.