Is Elkin 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, Elkin Township has remained a Seller's Market.
Housing Prices in Elkin Township, NC
How much do homes in Elkin Township, NC cost?
Median Sold Price
$222,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elkin Township was $222,500 in April 2024, down 5.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $137.5K | $170K | +23.6% |
3 Bedrooms | $247K | $274K | +10.9% |
4 Bedrooms | $317K | $334.2K | +5.4% |
5+ Bedrooms | $355K | $311K | -12.4% |
Summary: Elkin Township 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 increased by 23.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
State Road | $205K | $313K | +52.7% |
Elkin Township | $235K | $222.5K | -5.3% |
Elkin | $227.2K | $209K | -8.0% |
Housing Supply in Elkin Township, NC
How many homes are available in Elkin Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 41 | +2.5% |
Summary: The Elkin Township real estate market had 41 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 14 | 9 | -35.7% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elkin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Elkin Township in April 2024, the same as the previous month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for Elkin Township, NC
How long does it take to sell a home in Elkin Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 39 Days | +51.2% |
Summary: Homes in Elkin Township had an average of 39 days on market in Apr 2024, up by 51.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Elkin Township; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.