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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Albemarle Township is a seller's market

Buyer's
Market

Difference Since May 2022

Since last year, North Albemarle Township has remained a Seller's Market.

Key Takeaway

North Albemarle Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in North Albemarle Township, NC cost?

Median Sold Price

$232,500

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$32,500(+16.3%)

Key Takeaway

Homes in North Albemarle Township have sold for 16.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $69K$67.5K
-2.2%
2 $133.5K$165K
+23.6%
3 $213K$246K
+15.5%
4 $300K$291K
-3.0%
5+ $349.9K$309K
-11.7%

Median Sold Price Compared To Nearby Cities

Harris Township
+20.9%
Albemarle
+18.3%
North Albemarle Township
+16.3%
South Albemarle Township
+12.6%

How many homes are available in North Albemarle Township, NC?

Number of Homes For Sale

Apr 2023May 2023%
7684+10.5%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 1411
-21.4%
3 4857
+18.8%
4 1112
+9.1%
5+ 34
+33.3%

Number of Homes Sold

Apr 2023May 2023%
1516+6.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Albemarle Township, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.

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

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

Average Sale Time

May 2022May 2023%
26 Days49 Days+87.9%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Albemarle Township has remained consistent over time.

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

What housing markets are near North Albemarle Township, NC?

About North Albemarle Township, NC

Number of homes for sale in North Albemarle Township, NC real estate market have reached 84. The number of listings in North Albemarle Township, NC increased by 10.5% between April 2023 and May 2023. In May 2023 median list price was $232,500 and the average listing age was 49 days. Listing prices have changed in this real estate market between April 2023 and May 2023: 1 bedroom properties became 2.2% more cheaper, 2 bedrooms properties became 23.6% more expensive, prices of 3 bedrooms properties went up by 15.5%, 4 bedrooms properties became 3% more cheaper, prices of 5 bedrooms properties decreased by 11.7%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 21.4% less available, number of 3 bedrooms homes increased by 18.8%, 4 bedrooms homes became 9.1% more available, volume of 5 bedrooms homes went up by 33.3%. While more than 3 listings in North Albemarle Township, NC in May 2023 were sold above asking price, there were more than 7 listings sold at asking price, and more than 6 were sold below.