Is Eldorado Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eldorado Township is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Eldorado Township was a Seller's Market.

Key Takeaway

Eldorado Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Eldorado Township, NC

How much do homes in Eldorado Township, NC cost?

Median Sold Price

$289,998

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$20,001(-6.5%)

Key Takeaway

Homes in Eldorado Township have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in Eldorado Township was $289,998 in March 2024, down 6.5% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $102.5K$92K
-10.2%
2 $150.2K$160K
+6.5%
3 $399.9K$529K
+32.3%
4 $675K$800K
+18.5%
5+ $1.4M$1.0M
-30.4%

Summary: Eldorado Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 32.3%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 30.4%.

Median Sold Price Compared To Nearby Cities

Uwharrie Township
+8.5%
Eldorado Township
-6.5%

Housing Supply in Eldorado Township, NC

How many homes are available in Eldorado Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6786+28.4%

Summary: The Eldorado Township real estate market had 86 homes for sale in March 2024, a 28.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1419
+35.7%
2 2528
+12.0%
3 1825
+38.9%
4 912
+33.3%
5+ 12
+100.0%

Summary: The Eldorado Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
411+175.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eldorado Township, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Eldorado Township in March 2024, up by 175.0% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.

Days on Market for Eldorado Township, NC

How long does it take to sell a home in Eldorado Township, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
99 Days137 Days+37.5%

Summary: Homes in Eldorado Township had an average of 137 days on market in Mar 2024, up by 37.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Eldorado Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 11 homes were sold in Eldorado Township; 18% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 64% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Eldorado Township, NC

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