Is North Albemarle 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, North Albemarle Township has remained a Seller's Market.
Key Takeaway
North Albemarle Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Albemarle Township, NC
How much do homes in North Albemarle Township, NC cost?
Median Sold Price
$244,750
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Albemarle Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in North Albemarle Township was $244,750 in May 2024, up 4.8% 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 | $67.5K | $85K | +25.9% |
| 2 Bedrooms | $166K | $170K | +2.4% |
| 3 Bedrooms | $246.6K | $250.5K | +1.6% |
| 4 Bedrooms | $291K | $350K | +20.3% |
| 5+ Bedrooms | $309K | $385K | +24.6% |
Summary: North Albemarle Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
| Albemarle | $239.8K | $255K | +6.3% |
| South Albemarle Township | $251K | $264.4K | +5.4% |
| North Albemarle Township | $233.5K | $244.7K | +4.8% |
Housing Supply in North Albemarle Township, NC
How many homes are available in North Albemarle Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 101 | +24.7% |
Summary: The North Albemarle Township real estate market had 101 homes for sale in May 2024, a 24.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 50 | 66 | +32.0% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The North Albemarle Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Albemarle Township, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in North Albemarle Township in May 2024, down by 22.7% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for North Albemarle Township, NC
How long does it take to sell a home in North Albemarle Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 42 Days | -8.1% |
Summary: Homes in North Albemarle Township had an average of 42 days on market in May 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Albemarle Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in North Albemarle Township; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.