Is Tobaccoville, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tobaccoville is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Tobaccoville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Tobaccoville, NC

How much do homes in Tobaccoville, NC cost?

Median Sold Price

$288,450

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$36,450(+14.5%)

Key Takeaway

Homes in Tobaccoville have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Tobaccoville was $288,450 in May 2024, up 14.5% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $82.5K-
N/A
2 $195K$140.2K
-28.1%
3 $253.5K$285.2K
+12.5%
4 $363K$330K
-9.1%
5+ $368K$345K
-6.3%

Summary: Tobaccoville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Cities

Tobaccoville
+14.5%
Old Richmond Township
+6.5%
Pfafftown
+1.5%
Bethania Township
+1.2%
King
-3.3%

Housing Supply in Tobaccoville, NC

How many homes are available in Tobaccoville, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2421-12.5%

Summary: The Tobaccoville real estate market had 21 homes for sale in May 2024, a 12.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1815
-16.7%
4 54
-20.0%
5+ 00
0.0%

Summary: The Tobaccoville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
660.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tobaccoville, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Tobaccoville in May 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Tobaccoville, NC

How long does it take to sell a home in Tobaccoville, NC?

Average Sale Time

May 2023May 2024CHANGE
6 Days33 Days+450.0%

Summary: Homes in Tobaccoville had an average of 33 days on market in May 2024, up by 450% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tobaccoville are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 6 homes were sold in Tobaccoville; 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.

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

Report Updated 22 Days Ago

Newest Listings in Tobaccoville, NC

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