Is Elevation Township, 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, Elevation Township has remained a Seller's Market.
Housing Prices in Elevation Township, NC
How much do homes in Elevation Township, NC cost?
Median Sold Price
$354,900
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elevation Township was $354,900 in May 2024, up 1.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $180K | N/A |
2 Bedrooms | $136.5K | $464K | +239.9% |
3 Bedrooms | $325K | $339.9K | +4.6% |
4 Bedrooms | $410K | $439.9K | +7.3% |
5+ Bedrooms | $382.7K | - | N/A |
Summary: Elevation Township 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 increased by 239.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Elevation Township | $349.9K | $354.9K | +1.4% |
Pleasant Grove Township | $380K | $384.8K | +1.3% |
Grove Township | $274K | $275K | 0.4% |
Banner Township | $337.2K | $329.9K | -2.2% |
Cleveland Township | $425.2K | $400K | -5.9% |
Housing Supply in Elevation Township, NC
How many homes are available in Elevation Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 81 | +2.5% |
Summary: The Elevation Township real estate market had 81 homes for sale in May 2024, a 2.5% increase 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 | 0 | 1 | +100.0% |
3 Bedrooms | 62 | 59 | -4.8% |
4 Bedrooms | 17 | 21 | +23.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elevation Township 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 increased by 100%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Elevation Township in May 2024, up by 29.4% month-over-month. Of the 22 sold homes, 32% were sold under asking, 50% were sold at asking, and 18% were sold over asking.
Days on Market for Elevation Township, NC
How long does it take to sell a home in Elevation Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
107 Days | 32 Days | -70.1% |
Summary: Homes in Elevation Township had an average of 32 days on market in May 2024, down by 70.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Elevation Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.