Is Tobaccoville, 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, 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
$289,900
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tobaccoville have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in Tobaccoville was $289,900 in March 2024, up 19.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | - | N/A |
| 2 Bedrooms | $195K | $137.5K | -29.5% |
| 3 Bedrooms | $244K | $287.5K | +17.8% |
| 4 Bedrooms | $361.5K | $365K | +1.0% |
| 5+ Bedrooms | $386K | $347.5K | -10.0% |
Summary: Tobaccoville 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 29.5%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Tobaccoville | $243K | $289.9K | +19.3% |
| Old Richmond Township | $248.5K | $277.5K | +11.7% |
| Pfafftown | $331.8K | $340K | +2.4% |
| Bethania Township | $254K | $258K | +1.6% |
| King | $292.5K | $264.2K | -9.7% |
Housing Supply in Tobaccoville, NC
How many homes are available in Tobaccoville, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Summary: The Tobaccoville real estate market had 16 homes for sale in March 2024, a 20.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Tobaccoville 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 increased by 100%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
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 Tobaccoville, 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 Tobaccoville in March 2024, down by 70.0% 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 Tobaccoville, NC
How long does it take to sell a home in Tobaccoville, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 63 Days | +186.4% |
Summary: Homes in Tobaccoville had an average of 63 days on market in Mar 2024, up by 186.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tobaccoville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Tobaccoville; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
