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 March 2023
At the same time last year, Salem Chapel Township was a Seller's Market.
Key Takeaway
Salem Chapel Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Salem Chapel Township, NC
How much do homes in Salem Chapel Township, NC cost?
Median Sold Price
$275,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Salem Chapel Township have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Salem Chapel Township was $275,000 in March 2024, up 5.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $43.5K | - | N/A |
| 2 Bedrooms | $191K | $159.2K | -16.6% |
| 3 Bedrooms | $279.5K | $299K | +7.0% |
| 4 Bedrooms | $355K | $265K | -25.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Salem Chapel 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 decreased by 16.6%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Salem Chapel Township | $260K | $275K | +5.8% |
| Belews Creek Township | $300K | $315K | +5.0% |
| Kernersville Township | $315K | $330.7K | +5.0% |
| Middle Fork I Township | $199.9K | $205K | +2.6% |
| Walkertown | $294.2K | $298K | +1.3% |
Housing Supply in Salem Chapel Township, NC
How many homes are available in Salem Chapel Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Salem Chapel Township real estate market had 20 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Salem Chapel 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 15.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salem Chapel Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Salem Chapel Township in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 25 Days | +446.9% |
Summary: Homes in Salem Chapel Township had an average of 25 days on market in Mar 2024, up by 446.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salem Chapel Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Salem Chapel Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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