Is Eldorado 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, Eldorado Township was a Seller's Market.
Housing Prices in Eldorado Township, NC
How much do homes in Eldorado Township, NC cost?
Median Sold Price
$306,497
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Eldorado Township was $306,497 in May 2024, up 10.6% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $108K | +8.0% |
2 Bedrooms | $146K | $168.2K | +15.2% |
3 Bedrooms | $389.5K | $555K | +42.5% |
4 Bedrooms | $675K | $807.5K | +19.6% |
5+ Bedrooms | $1.1M | $978.7K | -14.0% |
Summary: Eldorado Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 42.5%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Cities
Alleghany Township | $405K | $490.8K | +21.2% |
Eldorado Township | $277K | $306.4K | +10.6% |
Uwharrie Township | $321K | $334.6K | +4.3% |
Housing Supply in Eldorado Township, NC
How many homes are available in Eldorado Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
85 | 104 | +22.4% |
Summary: The Eldorado Township real estate market had 104 homes for sale in May 2024, a 22.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 20 | +5.3% |
2 Bedrooms | 29 | 35 | +20.7% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 11 | 18 | +63.6% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Eldorado Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Eldorado Township in May 2024, up by 66.7% month-over-month. Of the 15 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for Eldorado Township, NC
How long does it take to sell a home in Eldorado Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 63 Days | +44.1% |
Summary: Homes in Eldorado Township had an average of 63 days on market in May 2024, up by 44.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Eldorado Township; 53% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.