Is Salem Chapel Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Salem Chapel Township has remained a Seller's Market.
Housing Prices in Salem Chapel Township, NC
How much do homes in Salem Chapel Township, NC cost?
Median Sold Price
$268,400
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Salem Chapel Township was $268,400 in June 2024, down 4.1% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $217.2K | $155K | -28.7% |
3 Bedrooms | $280K | $299K | +6.8% |
4 Bedrooms | $360K | $262.5K | -27.1% |
5+ Bedrooms | - | - | N/A |
Summary: Salem Chapel Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 27.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Belews Creek Township | $285K | $315K | +10.5% |
Kernersville Township | $324.9K | $334.8K | +3.1% |
Walkertown | $305K | $296K | -3.0% |
Salem Chapel Township | $280K | $268.4K | -4.1% |
Housing Supply in Salem Chapel Township, NC
How many homes are available in Salem Chapel Township, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
33 | 28 | -15.2% |
Summary: The Salem Chapel Township real estate market had 28 homes for sale in June 2024, a 15.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 25 | 22 | -12.0% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Salem Chapel Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Salem Chapel Township in June 2024, up by 27.3% month-over-month. Of the 14 sold homes, 21% were sold under asking, 50% were sold at asking, and 29% were sold over asking.
Days on Market for Salem Chapel Township, NC
How long does it take to sell a home in Salem Chapel Township, NC?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 10 Days | -21.9% |
Summary: Homes in Salem Chapel Township had an average of 10 days on market in Jun 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 14 homes were sold in Salem Chapel Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.