Is Erwin, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Erwin was a Seller's Market.
Housing Prices in Erwin, NC
How much do homes in Erwin, NC cost?
Median Sold Price
$239,950
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Erwin was $239,950 in March 2024, up 5.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $106.2K | N/A |
2 Bedrooms | $160K | $155K | -3.1% |
3 Bedrooms | $239.9K | $248K | +3.4% |
4 Bedrooms | $345K | $367.5K | +6.5% |
5+ Bedrooms | - | $625K | N/A |
Summary: Erwin 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 decreased by 3.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Duke Township | $192.6K | $219K | +13.7% |
Dunn | $225K | $254.9K | +13.3% |
Dunn | $225K | $254.9K | +13.3% |
Averasboro Township | $210K | $235K | +11.9% |
Erwin | $228K | $239.9K | +5.2% |
Housing Supply in Erwin, NC
How many homes are available in Erwin, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 50 | +4.2% |
Summary: The Erwin real estate market had 50 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 30 | 29 | -3.3% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Erwin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Erwin in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Erwin, NC
How long does it take to sell a home in Erwin, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
120 Days | 108 Days | -10.1% |
Summary: Homes in Erwin had an average of 108 days on market in Mar 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Erwin; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.