Is Elizabeth City Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elizabeth City Township is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Elizabeth City Township was a Seller's Market.

Key Takeaway

Elizabeth City Township 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 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

+$27,000(+10.1%)

Key Takeaway

Homes in Elizabeth City Township have sold for 10.1% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 -$131.5K
N/A
2 $156.2K$161.2K
+3.2%
3 $239K$281.2K
+17.7%
4 $359.9K$357K
-0.8%
5+ $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
+18.3%
Elizabeth City
+11.3%
Elizabeth City Township
+10.1%
Mount Hermon Township
+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 2024Apr 2024CHANGE
368387+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

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1523
+53.3%
3 228249
+9.2%
4 10396
-6.8%
5+ 2118
-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 2024Apr 2024CHANGE
64640.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elizabeth City Township, you may be able to get a good deal. 34.6% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
36 Days46 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 5 Days Ago

Newest Listings in Elizabeth City Township, NC

Nearby Markets to Elizabeth City Township, NC

What housing markets are near Elizabeth City Township, NC?