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 November 2021

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.

How much do homes in Edgecombe County, NC cost?

Median Sold Price

$144,333

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$20,432(+16.5%)

Key Takeaway

Homes in Edgecombe County have sold for 16.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $35K$23K
-34.3%
2 $67.9K$75K
+10.4%
3 $124.9K$149K
+19.3%
4 $170K$185.7K
+9.2%
5+ $300K$292.7K
-2.4%

Median Sold Price Compared To Nearby Counties

Wilson County
+17.2%
Edgecombe County
+16.5%
Nash County
+16.5%
Martin County
-10.5%

How many homes are available in Edgecombe County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
188169-10.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 3126
-16.1%
3 8475
-10.7%
4 6358
-7.9%
5+ 1010
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
4020-50.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 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. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
49 Days31 Days-36.5%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Edgecombe County, NC

Edgecombe County, NC has 169 homes for sale to choose from. The number of listings in Edgecombe County, NC decreased by 10.1% between October 2022 and November 2022. While the average time on the market in November 2022 was 31 days, the median list price was $144,333. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 34.3% more cheaper, 2 bedrooms properties became 10.4% more expensive, the cost of 3 bedrooms properties went up by 19.3%, prices of 4 bedrooms properties increased by 9.2%, 5 bedrooms properties prices decreased by 2.4%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 16.1%, volume of 3 bedrooms homes went down by 10.7%, 4 bedrooms homes became 7.9% less available, 5 bedrooms homes inventory did not change. Over 3 listings were sold over their listed price in November 2022 in Edgecombe County, NC. In the same period over 10 listings were sold below the listed price and 7 listings were sold for the listed price.

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