Is Tobaccoville, 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, Tobaccoville has remained a Seller's Market.
Key Takeaway
Tobaccoville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tobaccoville, NC
How much do homes in Tobaccoville, NC cost?
Median Sold Price
$288,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tobaccoville have sold for 18% more than they did a year ago.
Summary: The median home sold price in Tobaccoville was $288,000 in April 2024, up 18% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | - | N/A |
| 2 Bedrooms | $187.5K | $137.5K | -26.7% |
| 3 Bedrooms | $245K | $285.2K | +16.4% |
| 4 Bedrooms | $363K | $329.5K | -9.2% |
| 5+ Bedrooms | $386K | $347.5K | -10.0% |
Summary: Tobaccoville 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 decreased by 26.7%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Tobaccoville | $244K | $288K | +18.0% |
| Old Richmond Township | $248.5K | $267.4K | +7.6% |
| Bethania Township | $255K | $259.5K | +1.8% |
| Pfafftown | $333.9K | $340K | +1.8% |
| King | $289.9K | $272.4K | -6.0% |
Housing Supply in Tobaccoville, NC
How many homes are available in Tobaccoville, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Tobaccoville real estate market had 22 homes for sale in April 2024, a 15.8% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tobaccoville 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 increased by 6.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tobaccoville, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Tobaccoville in April 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Tobaccoville, NC
How long does it take to sell a home in Tobaccoville, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 14 Days | -52.5% |
Summary: Homes in Tobaccoville had an average of 14 days on market in Apr 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tobaccoville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Tobaccoville; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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