Is Edgecombe County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgecombe County is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Edgecombe County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Edgecombe County, NC

How much do homes in Edgecombe County, NC cost?

Median Sold Price

$164,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$4,720(+3.0%)

Key Takeaway

Homes in Edgecombe County have sold for 3% more than they did a year ago.

Summary: The median home sold price in Edgecombe County was $164,000 in March 2024, up 3% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $169.9K$63K
-62.9%
2 $78K$84.9K
+8.8%
3 $160K$169.9K
+6.2%
4 $253.6K$260.4K
+2.7%
5+ $295.2K$345.2K
+16.9%

Summary: Edgecombe County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.9%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 16.9%.

Median Sold Price Compared To Nearby Counties

Martin County
+11.5%
Wilson County
+7.2%
Nash County
+3.7%
Edgecombe County
+3.0%

Housing Supply in Edgecombe County, NC

How many homes are available in Edgecombe County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
177180+1.7%

Summary: The Edgecombe County real estate market had 180 homes for sale in March 2024, a 1.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2927
-6.9%
3 102107
+4.9%
4 3334
+3.0%
5+ 1211
-8.3%

Summary: The Edgecombe County 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 6.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
22220.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgecombe County, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Edgecombe County in March 2024, the same as the previous month. Of the 22 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% were sold over asking.

Days on Market for Edgecombe County, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
116 Days54 Days-53.4%

Summary: Homes in Edgecombe County had an average of 54 days on market in Mar 2024, down by 53.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 22 homes were sold in Edgecombe County; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% 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 24 Days Ago

Newest Listings in Edgecombe County, NC

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