Is Eldora Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eldora Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Eldora Township was a Seller's Market.

Key Takeaway

Eldora Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Eldora Township, NC

How much do homes in Eldora Township, NC cost?

Median Sold Price

$260,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,876(+13.5%)

Key Takeaway

Homes in Eldora Township have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Eldora Township was $260,000 in May 2024, up 13.5% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $338K$250K
-26.0%
3 $214.1K$260K
+21.4%
4 $263.5K$395K
+49.9%
5+ --
N/A

Summary: Eldora 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 decreased by 26%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 49.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Eldora Township
+13.5%
Ararat
-13.5%

Housing Supply in Eldora Township, NC

How many homes are available in Eldora Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
89+12.5%

Summary: The Eldora Township real estate market had 9 homes for sale in May 2024, a 12.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 44
0.0%
3 34
+33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Eldora 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eldora Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Eldora Township in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Eldora Township, NC

How long does it take to sell a home in Eldora Township, NC?

Average Sale Time

May 2023May 2024CHANGE
5 Days161 Days+3120.0%

Summary: Homes in Eldora Township had an average of 161 days on market in May 2024, up by 3120% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Eldora Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Eldora Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Eldora Township, NC

Nearby Markets to Eldora Township, NC

What housing markets are near Eldora Township, NC?