Is Chadbourn Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chadbourn Township was a Seller's Market.
Key Takeaway
Chadbourn Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chadbourn Township, NC
How much do homes in Chadbourn Township, NC cost?
Median Sold Price
$161,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chadbourn Township have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Chadbourn Township was $161,000 in May 2024, up 7.3% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $49K | $98.7K | +101.5% |
| 3 Bedrooms | $150K | $172K | +14.7% |
| 4 Bedrooms | $200K | $198.5K | -0.8% |
| 5+ Bedrooms | $246K | $145K | -41.1% |
Summary: Chadbourn Township 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 101.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 41.1%.
Median Sold Price Compared To Nearby Cities
| Whiteville Township | $192K | $233.4K | +21.6% |
| Chadbourn | $142K | $161K | +13.4% |
| Chadbourn Township | $150K | $161K | +7.3% |
Housing Supply in Chadbourn Township, NC
How many homes are available in Chadbourn Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Chadbourn Township real estate market had 22 homes for sale in May 2024, a 4.8% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chadbourn Township 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chadbourn Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Chadbourn Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Chadbourn Township, NC
How long does it take to sell a home in Chadbourn Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 115 Days | 55 Days | -52.3% |
Summary: Homes in Chadbourn Township had an average of 55 days on market in May 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chadbourn Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Chadbourn Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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