Is North Albemarle 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, North Albemarle Township has remained a Seller's Market.
Housing Prices in North Albemarle Township, NC
How much do homes in North Albemarle Township, NC cost?
Median Sold Price
$242,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Albemarle Township was $242,000 in March 2024, up 5.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | $85K | +25.9% |
2 Bedrooms | $156.5K | $172K | +9.9% |
3 Bedrooms | $245.5K | $248K | +1.0% |
4 Bedrooms | $283K | $380K | +34.3% |
5+ Bedrooms | $315K | $356.2K | +13.1% |
Summary: North Albemarle Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
Albemarle | $234.4K | $250.1K | +6.7% |
North Albemarle Township | $229.6K | $242K | +5.4% |
Harris Township | $290K | $300K | +3.4% |
South Albemarle Township | $250K | $249.2K | -0.3% |
Housing Supply in North Albemarle Township, NC
How many homes are available in North Albemarle Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 88 | +11.4% |
Summary: The North Albemarle Township real estate market had 88 homes for sale in March 2024, a 11.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 51 | 58 | +13.7% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The North Albemarle 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 13.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in North Albemarle Township in March 2024, up by 42.9% month-over-month. Of the 20 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.
Days on Market for North Albemarle Township, NC
How long does it take to sell a home in North Albemarle Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 51 Days | +22.0% |
Summary: Homes in North Albemarle Township had an average of 51 days on market in Mar 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in North Albemarle Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.