Is Elizabeth City Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Elizabeth City Township was a Seller's Market.
Housing Prices in Elizabeth City Township, NC
How much do homes in Elizabeth City Township, NC cost?
Median Sold Price
$295,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elizabeth City Township was $295,000 in April 2024, up 10.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $131.5K | N/A |
2 Bedrooms | $156.2K | $161.2K | +3.2% |
3 Bedrooms | $239K | $281.2K | +17.7% |
4 Bedrooms | $359.9K | $357K | -0.8% |
5+ Bedrooms | $362.5K | $390.2K | +7.7% |
Summary: Elizabeth City Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Nixonton Township | $292.5K | $346K | +18.3% |
Elizabeth City | $265K | $295K | +11.3% |
Elizabeth City Township | $268K | $295K | +10.1% |
Mount Hermon Township | $275K | $298.5K | +8.5% |
Housing Supply in Elizabeth City Township, NC
How many homes are available in Elizabeth City Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
368 | 387 | +5.2% |
Summary: The Elizabeth City Township real estate market had 387 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 23 | +53.3% |
3 Bedrooms | 228 | 249 | +9.2% |
4 Bedrooms | 103 | 96 | -6.8% |
5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The Elizabeth City Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 53.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 64 | 0.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Elizabeth City Township in April 2024, the same as the previous month. Of the 52 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% were sold over asking.
Days on Market for Elizabeth City Township, NC
How long does it take to sell a home in Elizabeth City Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 46 Days | +25.4% |
Summary: Homes in Elizabeth City Township had an average of 46 days on market in Apr 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 64 homes were sold in Elizabeth City Township; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.