Is Elkin Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Elkin Township was a Seller's Market.
Housing Prices in Elkin Township, NC
How much do homes in Elkin Township, NC cost?
Median Sold Price
$232,500
$157/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Elkin Township was $232,500 in May 2024, the same as last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $172K | N/A |
2 Bedrooms | $160.5K | $172K | +7.2% |
3 Bedrooms | $246K | $282.4K | +14.8% |
4 Bedrooms | $309K | $334.2K | +8.2% |
5+ Bedrooms | $355K | $311K | -12.4% |
Summary: Elkin 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 7.2%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
Elkin Township | $232.5K | $232.5K | 0.0% |
Elkin | $227.2K | $219.4K | -3.4% |
Housing Supply in Elkin Township, NC
How many homes are available in Elkin Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 44 | +12.8% |
Summary: The Elkin Township real estate market had 44 homes for sale in May 2024, a 12.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elkin 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 remained the same, 3 bedroom homes increased by 23.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Elkin Township in May 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Elkin Township, NC
How long does it take to sell a home in Elkin Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 12 Days | -73.0% |
Summary: Homes in Elkin Township had an average of 12 days on market in May 2024, down by 73% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Elkin Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.