Is Salem Chapel 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, Salem Chapel Township has remained a Seller's Market.
Housing Prices in Salem Chapel Township, NC
How much do homes in Salem Chapel Township, NC cost?
Median Sold Price
$265,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Salem Chapel Township was $265,000 in April 2024, down 1.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $43.5K | - | N/A |
2 Bedrooms | $212K | $159.2K | -24.9% |
3 Bedrooms | $280K | $297K | +6.1% |
4 Bedrooms | $355K | $265K | -25.4% |
5+ Bedrooms | - | - | N/A |
Summary: Salem Chapel 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 decreased by 24.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Walkertown | $280K | $298K | +6.4% |
Belews Creek Township | $300K | $315K | +5.0% |
Kernersville Township | $324.9K | $339.7K | +4.5% |
Salem Chapel Township | $270K | $265K | -1.9% |
Housing Supply in Salem Chapel Township, NC
How many homes are available in Salem Chapel Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 27 | +42.1% |
Summary: The Salem Chapel Township real estate market had 27 homes for sale in April 2024, a 42.1% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 15 | 21 | +40.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Salem Chapel 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 50%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Salem Chapel Township in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Salem Chapel Township, NC
How long does it take to sell a home in Salem Chapel Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 19 Days | +274.6% |
Summary: Homes in Salem Chapel Township had an average of 19 days on market in Apr 2024, up by 274.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Salem Chapel Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.