Is Alamance County, 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, Alamance County has remained a Seller's Market.
Housing Prices in Alamance County, NC
How much do homes in Alamance County, NC cost?
Median Sold Price
$314,945
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alamance County was $314,945 in March 2024, up 0.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $133.7K | -16.4% |
2 Bedrooms | $170K | $178.2K | +4.9% |
3 Bedrooms | $292.8K | $297K | +1.4% |
4 Bedrooms | $394.1K | $379.9K | -3.6% |
5+ Bedrooms | $456.5K | $455K | -0.3% |
Summary: Alamance County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Counties
Caswell County | $215K | $262K | +21.9% |
Orange County | $555.3K | $606.8K | +9.3% |
Guilford County | $275K | $289.2K | +5.2% |
Chatham County | $523K | $531.6K | +1.7% |
Alamance County | $314.6K | $314.9K | 0.1% |
Housing Supply in Alamance County, NC
How many homes are available in Alamance County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
709 | 739 | +4.2% |
Summary: The Alamance County real estate market had 739 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 103 | 99 | -3.9% |
3 Bedrooms | 395 | 426 | +7.8% |
4 Bedrooms | 165 | 164 | -0.6% |
5+ Bedrooms | 41 | 43 | +4.9% |
Summary: The Alamance County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
137 | 199 | +45.3% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 199 homes were sold or pending in Alamance County in March 2024, up by 45.3% month-over-month. Of the 199 sold homes, 44% were sold under asking, 36% were sold at asking, and 20% were sold over asking.
Days on Market for Alamance County, NC
How long does it take to sell a home in Alamance County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
81 Days | 58 Days | -27.7% |
Summary: Homes in Alamance County had an average of 58 days on market in Mar 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
72 Homes Were Sold
In 30 - 90 Days
41 Homes Were Sold
Over 90 Days
Summary: During March 2024, 199 homes were sold in Alamance County; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.