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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watauga Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Watauga Township was a Seller's Market.

Key Takeaway

Watauga Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Watauga Township, NC

How much do homes in Watauga Township, NC cost?

Median Sold Price

$315,300

$300/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$300(+0.1%)

Key Takeaway

The sold price of homes in Watauga Township has remained the same since last month.

Summary: The median home sold price in Watauga Township was $315,300 in March 2024, up 0.1% from last month, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 $229.7K-
N/A
2 -$315.3K
N/A
3 $480K-
N/A
4 --
N/A
5+ --
N/A

Summary: Watauga Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Watauga Township
0.1%
Banner Elk
-4.6%

Housing Supply in Watauga Township, NC

How many homes are available in Watauga Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1211-8.3%

Summary: The Watauga Township real estate market had 11 homes for sale in March 2024, a 8.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 20
-100.0%
2 12
+100.0%
3 66
0.0%
4 33
0.0%
5+ 00
0.0%

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

Number of Homes Sold

Feb 2024Mar 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Watauga Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Watauga Township in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Watauga Township, NC

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

Average Sale Time

Feb 2024Mar 2024CHANGE
40 Days7 Days-82.5%

Summary: Homes in Watauga Township had an average of 7 days on market in Mar 2024, down by 82.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 1 homes were sold in Watauga Township; 100% of homes were sold within 30 days, 0% 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 24 Days Ago

Newest Listings in Watauga Township, NC

Nearby Markets to Watauga Township, NC

What housing markets are near Watauga Township, NC?