Drexel Housing Market Report January 2025•Burke County, North Carolina

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Housing Prices in Drexel, NC

How much do homes in Drexel, NC cost?

Housing Market Conditions

Is Drexel, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Drexel is a Neutral Market

Difference Since December 2024

Last month, Drexel has remained a Neutral Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$190,000$184/SqFt
-$202,500
-51.6%

Based on all homes sold in January 2025

Insight

Homes in Drexel have sold for 51.6% less than they did a month ago.

Summary: The median home sold price in Drexel was $190,000 in January 2025, down 51.6% from last month, and the median price per square foot was $184.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2-$185K
N/A
3$392.5K$195K
-50.3%
4--
N/A
5--
N/A

Summary: Drexel housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -50.3%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Drexel, NC

How many homes are available in Drexel, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
14Last MonthJan 2025
132 months agoDec 2024
+7.7 %
Change MoMDec – Jan

Summary: The Drexel real estate market had 14 homes for sale in Jan 2025, a 7.7 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthJan 2025
22 months agoDec 2024
0.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
245
+25.0%
377
0.0%
422
0.0%
500
0.0%

Summary: Drexel housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Drexel, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in Drexel, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Drexel in January 2025, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% were sold over asking.

Days on Market for Drexel, NC

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

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

Summary: During January 2025, 2 homes were sold in Drexel; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
52 DaysLast MonthJan 2025
79 Days1 month agoDec 2024
-34.0 %
Change MoMDec – Jan

Summary: Homes in Drexel had an average listing age of 52 days in Jan 2025, down by 34.0% compared to the previous month.

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Newest Listings in Drexel, NC

What homes are available in Drexel, NC?

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MLS Disclaimers and Copyright

Based on information from Canopy MLS, for the period 12/01/2024 - 02/01/2025

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 9:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.