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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Asheboro Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Asheboro Township, NC

How much do homes in Asheboro Township, NC cost?

Median Sold Price

$247,950

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,010(+7.8%)

Key Takeaway

Homes in Asheboro Township have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Asheboro Township was $247,950 in April 2024, up 7.8% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $120K$135K
+12.5%
2 $152.4K$178K
+16.8%
3 $238.1K$258K
+8.3%
4 $365K$287K
-21.4%
5+ $379K$400K
+5.5%

Summary: Asheboro Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Cedar Grove Township
+15.1%
Asheboro Township
+7.8%
Asheboro
+5.9%
Franklinville Township
+4.6%
Back Creek Township
-3.9%

Housing Supply in Asheboro Township, NC

How many homes are available in Asheboro Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
139142+2.2%

Summary: The Asheboro Township real estate market had 142 homes for sale in April 2024, a 2.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 3532
-8.6%
3 8082
+2.5%
4 1920
+5.3%
5+ 58
+60.0%

Summary: The Asheboro Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3442+23.5%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Asheboro Township, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Asheboro Township in April 2024, up by 23.5% month-over-month. Of the 42 sold homes, 55% were sold under asking, 19% were sold at asking, and 26% were sold over asking.

Days on Market for Asheboro Township, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days42 Days+51.3%

Summary: Homes in Asheboro Township had an average of 42 days on market in Apr 2024, up by 51.3% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 42 homes were sold in Asheboro Township; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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 8 Days Ago

Newest Listings in Asheboro Township, NC

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What housing markets are near Asheboro Township, NC?