Is Elkin 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, Elkin Township has remained a Seller's Market.
Housing Prices in Elkin Township, NC
How much do homes in Elkin Township, NC cost?
Median Sold Price
$225,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elkin Township was $225,000 in March 2024, down 2.2% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $147.5K | $174K | +18.0% |
3 Bedrooms | $244.5K | $262.5K | +7.4% |
4 Bedrooms | $325K | $375K | +15.4% |
5+ Bedrooms | $355K | $311K | -12.4% |
Summary: Elkin 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 18%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
Elkin Township | $230K | $225K | -2.2% |
Elkin | $235K | $210K | -10.6% |
Housing Supply in Elkin Township, NC
How many homes are available in Elkin Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 42 | +7.7% |
Summary: The Elkin Township real estate market had 42 homes for sale in March 2024, a 7.7% 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 | 14 | 15 | +7.1% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Elkin 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 increased by 7.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Elkin Township in March 2024, up by 57.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for Elkin Township, NC
How long does it take to sell a home in Elkin Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 34 Days | +6.6% |
Summary: Homes in Elkin Township had an average of 34 days on market in Mar 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Elkin Township; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.