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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Albemarle Township is a seller's market

Buyer's
Market

Difference Since May 2022

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

Key Takeaway

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

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

Median Sold Price

$250,450

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$28,124(+12.6%)

Key Takeaway

Homes in South Albemarle Township have sold for 12.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 -$275K
N/A
2 $157K$143K
-8.9%
3 $225K$251K
+11.6%
4 $305K$331.3K
+8.6%
5+ $259.9K$255K
-1.9%

Median Sold Price Compared To Nearby Cities

Albemarle
+18.3%
North Albemarle Township
+16.3%
South Albemarle Township
+12.6%
Endy Township
+5.7%
Center Township
+4.1%

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

Number of Homes For Sale

Apr 2023May 2023%
5855-5.2%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 87
-12.5%
3 3434
0.0%
4 1412
-14.3%
5+ 22
0.0%

Number of Homes Sold

Apr 2023May 2023%
1417+21.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Albemarle Township, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

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

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

Average Sale Time

May 2022May 2023%
28 Days70 Days+149.0%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in South 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 South Albemarle Township, NC?

About South Albemarle Township, NC

There are 55 homes are for sale in South Albemarle Township, NC real estate market. The inventory of homes for sale in South Albemarle Township, NC between April 2023 and May 2023 decreased by 5.2%. While the average time on the market in May 2023 was 70 days, the median list price was $250,450. This housing market listing prices have changed between April 2023 and May 2023: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 8.9% more cheaper, prices of 3 bedrooms properties increased by 11.6%, prices of 4 bedrooms properties increased by 8.6%, prices of 5 bedrooms properties decreased by 1.9%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 12.5%, number of 3 bedrooms homes remained the same, volume of 4 bedrooms homes went down by 14.3%, 5 bedrooms homes inventory did not change. While more than 3 listings in South Albemarle Township, NC in May 2023 were sold above asking price, there were more than 5 listings sold at asking price, and more than 9 were sold below.