Is Hertford, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hertford is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Hertford, NC

How much do homes in Hertford, NC cost?

Median Sold Price

$280,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,000(+1.8%)

Key Takeaway

Homes in Hertford have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Hertford was $280,000 in April 2024, up 1.8% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $66.5K$102.5K
+54.1%
2 $148.5K$146.5K
-1.3%
3 $300K$326K
+8.7%
4 $242.5K$285K
+17.5%
5+ -$529K
N/A

Summary: Hertford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.1%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hertford
+1.8%
Hertford Township
+0.9%
Bethel Township
-25.2%

Housing Supply in Hertford, NC

How many homes are available in Hertford, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
97105+8.2%

Summary: The Hertford real estate market had 105 homes for sale in April 2024, a 8.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 77
0.0%
3 5965
+10.2%
4 2526
+4.0%
5+ 45
+25.0%

Summary: The Hertford 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 remained the same, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
921+133.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hertford, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Hertford in April 2024, up by 133.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% were sold over asking.

Days on Market for Hertford, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
47 Days89 Days+90.4%

Summary: Homes in Hertford had an average of 89 days on market in Apr 2024, up by 90.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 21 homes were sold in Hertford; 43% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% 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 8 Days Ago

Newest Listings in Hertford, NC

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