Is Edenton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Edenton was a Neutral Market.
Key Takeaway
Edenton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Edenton, NC
How much do homes in Edenton, NC cost?
Median Sold Price
$275,000
$145/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Edenton have sold for 47.5% more than they did a month ago.
Summary: The median home sold price in Edenton was $275,000 in March 2024, up 47.5% from last month, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $117.5K | $244K | +107.7% |
| 3 Bedrooms | $200.5K | $291.2K | +45.3% |
| 4 Bedrooms | $285.1K | $264.7K | -7.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Edenton housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 107.7%, 3 bedroom homes increased by 45.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes did not change.
Housing Supply in Edenton, NC
How many homes are available in Edenton, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 102 | +17.2% |
Summary: The Edenton real estate market had 102 homes for sale in March 2024, a 17.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 57 | 65 | +14.0% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Edenton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edenton, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Edenton in March 2024, down by 15.4% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.
Days on Market for Edenton, NC
How long does it take to sell a home in Edenton, NC?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 41 Days | +65.7% |
Summary: Homes in Edenton had an average of 41 days on market in Mar 2024, up by 65.7% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edenton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Edenton; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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