Is North Albemarle 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, North Albemarle Township has remained a Seller's Market.
Key Takeaway
North Albemarle Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Albemarle Township, NC
How much do homes in North Albemarle Township, NC cost?
Median Sold Price
$239,850
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Albemarle Township have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in North Albemarle Township was $239,850 in April 2024, up 2.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.5K | $85K | +25.9% |
| 2 Bedrooms | $164.2K | $169K | +2.9% |
| 3 Bedrooms | $250K | $248K | -0.8% |
| 4 Bedrooms | $291K | $350K | +20.3% |
| 5+ Bedrooms | $320K | $414K | +29.4% |
Summary: North Albemarle Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 29.4%.
Median Sold Price Compared To Nearby Cities
| Albemarle | $237K | $250.4K | +5.7% |
| North Albemarle Township | $233.5K | $239.8K | +2.7% |
| South Albemarle Township | $249.9K | $255K | +2.0% |
| Harris Township | $291.2K | $294.3K | +1.1% |
Housing Supply in North Albemarle Township, NC
How many homes are available in North Albemarle Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 78 | -7.1% |
Summary: The North Albemarle Township real estate market had 78 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 56 | 46 | -17.9% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The North Albemarle Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Albemarle Township, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in North Albemarle Township in April 2024, the same as the previous month. Of the 20 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% were sold over asking.
Days on Market for North Albemarle Township, NC
How long does it take to sell a home in North Albemarle Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 66 Days | +12.9% |
Summary: Homes in North Albemarle Township had an average of 66 days on market in Apr 2024, up by 12.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Albemarle Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in North Albemarle Township; 45% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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