Is Washington, 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, Washington was a Seller's Market.
Housing Prices in Washington, NC
How much do homes in Washington, NC cost?
Median Sold Price
$264,495
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Washington was $264,495 in May 2024, up 12.6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $119K | N/A |
2 Bedrooms | $136.2K | $206K | +51.2% |
3 Bedrooms | $237.9K | $252.5K | +6.1% |
4 Bedrooms | $280K | $325K | +16.1% |
5+ Bedrooms | $315K | $342.5K | +8.7% |
Summary: Washington 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 51.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
Washington Township | $232K | $264.4K | +14.0% |
Washington | $234.9K | $264.4K | +12.6% |
Pantego Township | $247.3K | $277K | +12.0% |
Chocowinity Township | $410K | $442K | +7.8% |
Long Acre Township | $252K | $264K | +4.8% |
Housing Supply in Washington, NC
How many homes are available in Washington, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
88 | 88 | 0.0% |
Summary: The Washington real estate market had 88 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 50 | 52 | +4.0% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Washington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 13 | -45.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Washington in May 2024, down by 45.8% month-over-month. Of the 13 sold homes, 38% were sold under asking, 46% were sold at asking, and 15% were sold over asking.
Days on Market for Washington, NC
How long does it take to sell a home in Washington, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 104 Days | +75.5% |
Summary: Homes in Washington had an average of 104 days on market in May 2024, up by 75.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Washington; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.