Is Elevation Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Elevation Township has remained a Seller's Market.
Housing Prices in Elevation Township, NC
How much do homes in Elevation Township, NC cost?
Median Sold Price
$342,900
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elevation Township was $342,900 in March 2024, down 3.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $180K | N/A |
2 Bedrooms | $251.1K | $340K | +35.4% |
3 Bedrooms | $335K | $325K | -3.0% |
4 Bedrooms | $392.8K | $438.4K | +11.6% |
5+ Bedrooms | $370.6K | - | N/A |
Summary: Elevation Township 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 35.4%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Grove Township | $257.4K | $264.9K | +2.9% |
Pleasant Grove Township | $380.6K | $381K | 0.1% |
Banner Township | $337.2K | $326K | -3.3% |
Elevation Township | $354.9K | $342.9K | -3.4% |
Cleveland Township | $424.9K | $400K | -5.9% |
Housing Supply in Elevation Township, NC
How many homes are available in Elevation Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 47 | +4.4% |
Summary: The Elevation Township real estate market had 47 homes for sale in March 2024, a 4.4% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elevation Township 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 remained the same, 3 bedroom homes increased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Elevation Township in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Elevation Township, NC
How long does it take to sell a home in Elevation Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
105 Days | 73 Days | -30.3% |
Summary: Homes in Elevation Township had an average of 73 days on market in Mar 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Elevation Township; 10% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.