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 buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Hertford County has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Hertford County, NC

How much do homes in Hertford County, NC cost?

Median Sold Price

$95,000

$97/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$90,000(-48.6%)

Key Takeaway

Homes in Hertford County have sold for 48.6% less than they did a month ago.

Summary: The median home sold price in Hertford County was $95,000 in February 2024, down 48.6% from last month, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $147.5K$95K
-35.6%
3 -$62.5K
N/A
4 $185K$285K
+54.1%
5+ --
N/A

Summary: Hertford County housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 54.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Northampton County
+52.3%
Chowan County
-3.1%
Hertford County
-48.6%

Housing Supply in Hertford County, NC

How many homes are available in Hertford County, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4546+2.2%

Summary: The Hertford County real estate market had 46 homes for sale in February 2024, a 2.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 108
-20.0%
3 1719
+11.8%
4 1313
0.0%
5+ 45
+25.0%

Summary: The Hertford County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
330.0%

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 3 homes were sold or pending in Hertford County in February 2024, the same as the previous 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

Jan 2024Feb 2024CHANGE
63 Days107 Days+68.1%

Summary: Homes in Hertford County had an average of 107 days on market in Feb 2024, up by 68.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hertford County has remained consistent over time.

Summary: During February 2024, 3 homes were sold in Hertford County; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Hertford County, NC

Nearby Markets to Hertford County, NC

What housing markets are near Hertford County, NC?