Is Chocowinity, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chocowinity has remained a Seller's Market.
Key Takeaway
Chocowinity is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chocowinity, NC
How much do homes in Chocowinity, NC cost?
Median Sold Price
$475,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chocowinity have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Chocowinity was $475,000 in May 2024, up 1.2% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $136.5K | -24.2% |
| 3 Bedrooms | $430K | $420K | -2.3% |
| 4 Bedrooms | $540K | $550.8K | +2.0% |
| 5+ Bedrooms | $277K | $610K | +120.2% |
Summary: Chocowinity housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 120.2%.
Median Sold Price Compared To Nearby Cities
| Chocowinity Township | $410K | $442K | +7.8% |
| Chocowinity | $469.5K | $475K | +1.2% |
Housing Supply in Chocowinity, NC
How many homes are available in Chocowinity, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The Chocowinity real estate market had 34 homes for sale in May 2024, a 8.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chocowinity housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chocowinity, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Chocowinity in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chocowinity, NC
How long does it take to sell a home in Chocowinity, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 25 Days | -37.8% |
Summary: Homes in Chocowinity had an average of 25 days on market in May 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chocowinity are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Chocowinity; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
