Is Elizabethtown, 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, Elizabethtown was a Seller's Market.
Key Takeaway
Elizabethtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elizabethtown, NC
How much do homes in Elizabethtown, NC cost?
Median Sold Price
$208,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Elizabethtown have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Elizabethtown was $208,000 in May 2024, down 7.3% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $55K | N/A |
| 2 Bedrooms | $126K | $152.2K | +20.8% |
| 3 Bedrooms | $242K | $211K | -12.8% |
| 4 Bedrooms | $285K | $297K | +4.2% |
| 5+ Bedrooms | $325K | $366K | +12.6% |
Summary: Elizabethtown 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 20.8%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
| Elizabethtown Township | $216K | $208K | -3.7% |
| Elizabethtown | $224.4K | $208K | -7.3% |
Housing Supply in Elizabethtown, NC
How many homes are available in Elizabethtown, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The Elizabethtown real estate market had 47 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Elizabethtown 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 increased by 25%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabethtown, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Elizabethtown in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Elizabethtown, NC
How long does it take to sell a home in Elizabethtown, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 16 Days | -45.6% |
Summary: Homes in Elizabethtown had an average of 16 days on market in May 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elizabethtown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Elizabethtown; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.