Is Drexel, 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, Drexel has remained a Seller's Market.
Housing Prices in Drexel, NC
How much do homes in Drexel, NC cost?
Median Sold Price
$250,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Drexel was $250,000 in April 2024, up 17.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $179.9K | $170K | -5.5% |
3 Bedrooms | $216K | $250K | +15.7% |
4 Bedrooms | $275K | $281.7K | +2.5% |
5+ Bedrooms | $315K | $311.5K | -1.1% |
Summary: Drexel housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
Drexel | $213.5K | $250K | +17.1% |
Valdese | $218.9K | $239.9K | +9.6% |
Drexel Township | $225K | $245K | +8.9% |
Morganton Township | $251.3K | $266.7K | +6.1% |
Housing Supply in Drexel, NC
How many homes are available in Drexel, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Drexel real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Drexel 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Drexel in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Drexel, NC
How long does it take to sell a home in Drexel, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 20 Days | +110.5% |
Summary: Homes in Drexel had an average of 20 days on market in Apr 2024, up by 110.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Drexel; 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.