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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Washington 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 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

+$29,561(+12.6%)

Key Takeaway

Homes in Washington have sold for 12.6% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 -$119K
N/A
2 $136.2K$206K
+51.2%
3 $237.9K$252.5K
+6.1%
4 $280K$325K
+16.1%
5+ $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
+14.0%
Washington
+12.6%
Pantego Township
+12.0%
Chocowinity Township
+7.8%
Long Acre Township
+4.8%

Housing Supply in Washington, NC

How many homes are available in Washington, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
88880.0%

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

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 1212
0.0%
3 5052
+4.0%
4 1917
-10.5%
5+ 67
+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 2024May 2024CHANGE
2413-45.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

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 2023May 2024CHANGE
59 Days104 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

Newest Listings in Washington, NC

Nearby Markets to Washington, NC

What housing markets are near Washington, NC?