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 buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Elizabethtown Township, NC

How much do homes in Elizabethtown Township, NC cost?

Median Sold Price

$205,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,000(-8.9%)

Key Takeaway

Homes in Elizabethtown Township have sold for 8.9% less than they did a year ago.

Summary: The median home sold price in Elizabethtown Township was $205,000 in October 2024, down 8.9% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$123K
+123.6%
2 $150K$134K
-10.7%
3 $225K$215K
-4.4%
4 $291K$205K
-29.6%
5+ $325K$420K
+29.2%

Summary: Elizabethtown Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.6%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 29.6%, and 5+ bedroom homes increased by 29.2%.

Median Sold Price Compared To Nearby Cities

Elizabethtown Township
-8.9%
Elizabethtown
-8.9%

Housing Supply in Elizabethtown Township, NC

How many homes are available in Elizabethtown Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6778+16.4%

Summary: The Elizabethtown Township real estate market had 78 homes for sale in October 2024, a 16.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 3645
+25.0%
4 2022
+10.0%
5+ 65
-16.7%

Summary: The Elizabethtown Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
18+700.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elizabethtown Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Elizabethtown Township in October 2024, up by 700.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% 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

Oct 2023Oct 2024CHANGE
26 Days48 Days+83.9%

Summary: Homes in Elizabethtown Township had an average of 48 days on market in Oct 2024, up by 83.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 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 October 2024, 8 homes were sold in Elizabethtown Township; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

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