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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hertford County is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Hertford County was a Neutral Market.

Key Takeaway

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

Housing Prices in Hertford County, NC

How much do homes in Hertford County, NC cost?

Median Sold Price

$225,000

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$67,500(+42.9%)

Key Takeaway

Homes in Hertford County have sold for 42.9% more than they did a year ago.

Summary: The median home sold price in Hertford County was $225,000 in September 2024, up 42.9% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $107.5K$1.5M
+1295.3%
2 $80.5K$160K
+98.8%
3 $147K$150K
+2.0%
4 $246K$427.4K
+73.8%
5+ $320K$385K
+20.3%

Summary: Hertford County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1295.3%, 2 bedroom homes increased by 98.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 73.8%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Counties

Hertford County
+42.9%
Chowan County
+8.2%
Gates County
+2.9%

Housing Supply in Hertford County, NC

How many homes are available in Hertford County, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2723-14.8%

Summary: The Hertford County real estate market had 23 homes for sale in September 2024, a 14.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 1716
-5.9%
4 65
-16.7%
5+ 22
0.0%

Summary: The Hertford County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hertford County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Hertford County in September 2024, down by 16.7% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Hertford County, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
56 Days159 Days+184.1%

Summary: Homes in Hertford County had an average of 159 days on market in Sep 2024, up by 184.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Hertford County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 5 homes were sold in Hertford County; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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 Sep 1, 2024

Newest Listings in Hertford County, NC

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