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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elizabethtown Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Elizabethtown Township has remained a Seller's Market.

Key Takeaway

Elizabethtown Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Elizabethtown Township, NC

How much do homes in Elizabethtown Township, NC cost?

Median Sold Price

$206,500

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$23,400(-10.2%)

Key Takeaway

Homes in Elizabethtown Township have sold for 10.2% less than they did a year ago.

Summary: The median home sold price in Elizabethtown Township was $206,500 in March 2024, down 10.2% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$55K
N/A
2 $120K$150K
+25.0%
3 $235K$217K
-7.7%
4 $307.5K$297K
-3.4%
5+ $360K$366K
+1.7%

Summary: Elizabethtown Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Elizabethtown Township
-10.2%
Elizabethtown
-14.3%

Housing Supply in Elizabethtown Township, NC

How many homes are available in Elizabethtown Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4554+20.0%

Summary: The Elizabethtown Township real estate market had 54 homes for sale in March 2024, a 20.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 65
-16.7%
3 2734
+25.9%
4 89
+12.5%
5+ 34
+33.3%

Summary: The Elizabethtown Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elizabethtown Township, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Elizabethtown Township in March 2024, up by 150.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for Elizabethtown Township, NC

How long does it take to sell a home in Elizabethtown Township, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
31 Days62 Days+100.3%

Summary: Homes in Elizabethtown Township had an average of 62 days on market in Mar 2024, up by 100.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 10 homes were sold in Elizabethtown Township; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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

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