Is Alexander, 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, Alexander has remained a Seller's Market.
Key Takeaway
Alexander is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alexander, NC
How much do homes in Alexander, NC cost?
Median Sold Price
$400,900
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Alexander have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Alexander was $400,900 in May 2024, down 3.4% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $280K | $367.5K | +31.3% |
| 3 Bedrooms | $419K | $380K | -9.3% |
| 4 Bedrooms | $499K | $666K | +33.5% |
| 5+ Bedrooms | $1.6M | - | N/A |
Summary: Alexander 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 31.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 33.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Woodfin | $409.4K | $445.8K | +8.9% |
| French Broad Township | $414.9K | $450K | +8.5% |
| Leicester | $398.3K | $400K | 0.4% |
| Leicester Township | $410K | $400K | -2.4% |
| Alexander | $415K | $400.9K | -3.4% |
Housing Supply in Alexander, NC
How many homes are available in Alexander, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Alexander real estate market had 26 homes for sale in May 2024, a 7.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Alexander 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 increased by 100%, 3 bedroom homes decreased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alexander, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Alexander in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Alexander, NC
How long does it take to sell a home in Alexander, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 22 Days | -56.0% |
Summary: Homes in Alexander had an average of 22 days on market in May 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
4 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 Alexander are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Alexander; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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