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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eldorado Township is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Eldorado Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$29,497(+10.6%)

Key Takeaway

Homes in Eldorado Township have sold for 10.6% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $100K$108K
+8.0%
2 $146K$168.2K
+15.2%
3 $389.5K$555K
+42.5%
4 $675K$807.5K
+19.6%
5+ $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
+21.2%
Eldorado Township
+10.6%
Uwharrie Township
+4.3%

Housing Supply in Eldorado Township, NC

How many homes are available in Eldorado Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
85104+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

# BEDSApr 2024May 2024CHANGE
1 1920
+5.3%
2 2935
+20.7%
3 2225
+13.6%
4 1118
+63.6%
5+ 46
+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 2024May 2024CHANGE
915+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eldorado Township, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

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 2023May 2024CHANGE
44 Days63 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Eldorado Township are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 2 Days Ago

Newest Listings in Eldorado Township, NC

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