Is Chowan County, 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, Chowan County has remained a Seller's Market.
Housing Prices in Chowan County, NC
How much do homes in Chowan County, NC cost?
Median Sold Price
$268,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chowan County was $268,000 in May 2024, up 5.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279K | $270K | -3.2% |
2 Bedrooms | $131.2K | $190K | +44.8% |
3 Bedrooms | $253K | $289K | +14.2% |
4 Bedrooms | $301.7K | $225K | -25.4% |
5+ Bedrooms | $497K | $181K | -63.6% |
Summary: Chowan County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 44.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes decreased by 63.6%.
Housing Supply in Chowan County, NC
How many homes are available in Chowan County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
108 | 111 | +2.8% |
Summary: The Chowan County real estate market had 111 homes for sale in May 2024, a 2.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 71 | 67 | -5.6% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Chowan County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 24 | +60.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Chowan County in May 2024, up by 60.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% were sold over asking.
Days on Market for Chowan County, NC
How long does it take to sell a home in Chowan County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 73 Days | +58.4% |
Summary: Homes in Chowan County had an average of 73 days on market in May 2024, up by 58.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Chowan County; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.