Is Chowan County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Chowan County has remained a Buyer's Market.
Housing Prices in Chowan County, NC
How much do homes in Chowan County, NC cost?
Median Sold Price
$285,000
$202/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Chowan County was $285,000 in April 2024, up 3.6% from last month, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $204.5K | $285K | +39.4% |
3 Bedrooms | $291.2K | $290K | -0.4% |
4 Bedrooms | $417K | $165K | -60.4% |
5+ Bedrooms | - | - | N/A |
Summary: Chowan County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 60.4%, and 5+ bedroom homes did not change.
Housing Supply in Chowan County, NC
How many homes are available in Chowan County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 112 | +5.7% |
Summary: The Chowan County real estate market had 112 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 72 | 73 | +1.4% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Chowan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Chowan County in April 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Chowan County, NC
How long does it take to sell a home in Chowan County, NC?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 30 Days | -32.0% |
Summary: Homes in Chowan County had an average of 30 days on market in Apr 2024, down by 32% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Chowan County; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.