Is Alleghany County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Alleghany County has remained a Buyer's Market.
Housing Prices in Alleghany County, NC
How much do homes in Alleghany County, NC cost?
Median Sold Price
$403,500
$286/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Alleghany County was $403,500 in May 2024, up 53.1% from last month, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $276K | N/A |
2 Bedrooms | $283.5K | $450K | +58.7% |
3 Bedrooms | $233.5K | $447.5K | +91.6% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Alleghany County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58.7%, 3 bedroom homes increased by 91.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Alleghany County, NC
How many homes are available in Alleghany County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 47 | +38.2% |
Summary: The Alleghany County real estate market had 47 homes for sale in May 2024, a 38.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 10 | 15 | +50.0% |
3 Bedrooms | 15 | 23 | +53.3% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Alleghany County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 53.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Alleghany County in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Alleghany County, NC
How long does it take to sell a home in Alleghany County, NC?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 Days | 6 Days | -69.1% |
Summary: Homes in Alleghany County had an average of 6 days on market in May 2024, down by 69.1% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Alleghany County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.