Is Elevation Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$343,950
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elevation Township was $343,950 in April 2024, down 3.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $180K | N/A |
2 Bedrooms | $140K | $402K | +187.1% |
3 Bedrooms | $334.9K | $330K | -1.5% |
4 Bedrooms | $394.9K | $442.4K | +12.0% |
5+ Bedrooms | $381.6K | - | N/A |
Summary: Elevation Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 187.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 12%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Grove Township | $260K | $265K | +1.9% |
Pleasant Grove Township | $380.5K | $385K | +1.2% |
Banner Township | $337.2K | $329.9K | -2.2% |
Elevation Township | $354.9K | $343.9K | -3.1% |
Cleveland Township | $426.1K | $400K | -6.1% |
Housing Supply in Elevation Township, NC
How many homes are available in Elevation Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 40 | -24.5% |
Summary: The Elevation Township real estate market had 40 homes for sale in April 2024, a 24.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 37 | 30 | -18.9% |
4 Bedrooms | 15 | 9 | -40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elevation Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Elevation Township in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
103 Days | 71 Days | -30.3% |
Summary: Homes in Elevation Township had an average of 71 days on market in Apr 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Elevation Township; 50% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.