Is Drexel Township, 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 Township has remained a Seller's Market.
Housing Prices in Drexel Township, NC
How much do homes in Drexel Township, NC cost?
Median Sold Price
$245,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Drexel Township was $245,000 in April 2024, up 8.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148K | $415K | +180.4% |
2 Bedrooms | $184.9K | $170K | -8.1% |
3 Bedrooms | $240K | $249.9K | +4.1% |
4 Bedrooms | $340K | $286.4K | -15.8% |
5+ Bedrooms | $315K | $311.5K | -1.1% |
Summary: Drexel Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 180.4%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
Drexel | $213.5K | $250K | +17.1% |
Lovelady Township | $234.4K | $257.5K | +9.9% |
Valdese | $218.9K | $239.9K | +9.6% |
Drexel Township | $225K | $245K | +8.9% |
Housing Supply in Drexel Township, NC
How many homes are available in Drexel Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Summary: The Drexel Township real estate market had 26 homes for sale in April 2024, a 4.0% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Drexel 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 increased by 20%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Drexel Township in April 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Drexel Township, NC
How long does it take to sell a home in Drexel Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 16 Days | -57.9% |
Summary: Homes in Drexel Township had an average of 16 days on market in Apr 2024, down by 57.9% compared to last year.
Breakdown of Home Sale Times
5 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, 5 homes were sold in Drexel Township; 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.