Is Albemarle, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Albemarle has remained a Seller's Market.
Housing Prices in Albemarle, NC
How much do homes in Albemarle, NC cost?
Median Sold Price
$250,450
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Albemarle was $250,450 in April 2024, up 5.7% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | $99.5K | +47.4% |
2 Bedrooms | $155.3K | $170K | +9.5% |
3 Bedrooms | $244.5K | $256.9K | +5.1% |
4 Bedrooms | $305K | $319.3K | +4.7% |
5+ Bedrooms | $314.5K | $414K | +31.6% |
Summary: Albemarle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.4%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 31.6%.
Median Sold Price Compared To Nearby Cities
Albemarle | $237K | $250.4K | +5.7% |
North Albemarle Township | $233.5K | $239.8K | +2.7% |
South Albemarle Township | $249.9K | $255K | +2.0% |
Harris Township | $291.2K | $294.3K | +1.1% |
Housing Supply in Albemarle, NC
How many homes are available in Albemarle, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
153 | 149 | -2.6% |
Summary: The Albemarle real estate market had 149 homes for sale in April 2024, a 2.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 20 | 31 | +55.0% |
3 Bedrooms | 102 | 91 | -10.8% |
4 Bedrooms | 22 | 19 | -13.6% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Albemarle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 55%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 36 | 0.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Albemarle in April 2024, the same as the previous month. Of the 36 sold homes, 47% were sold under asking, 31% were sold at asking, and 22% were sold over asking.
Days on Market for Albemarle, NC
How long does it take to sell a home in Albemarle, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 60 Days | -6.4% |
Summary: Homes in Albemarle had an average of 60 days on market in Apr 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Albemarle; 42% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.