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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pamlico County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Pamlico County was a Seller's Market.

Key Takeaway

Pamlico County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pamlico County, NC

How much do homes in Pamlico County, NC cost?

Median Sold Price

$385,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$12,550(+3.4%)

Key Takeaway

Homes in Pamlico County have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Pamlico County was $385,000 in March 2024, up 3.4% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $300K$417.5K
+39.2%
2 $305K$263.7K
-13.5%
3 $397.5K$446.5K
+12.3%
4 $592.5K$496K
-16.3%
5+ $320K$494.5K
+54.5%

Summary: Pamlico County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.2%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes increased by 54.5%.

Median Sold Price Compared To Nearby Counties

Beaufort County
+11.1%
Craven County
+9.7%
Pamlico County
+3.4%

Housing Supply in Pamlico County, NC

How many homes are available in Pamlico County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8086+7.5%

Summary: The Pamlico County real estate market had 86 homes for sale in March 2024, a 7.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 1617
+6.3%
3 5661
+8.9%
4 67
+16.7%
5+ 11
0.0%

Summary: The Pamlico County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1214+16.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pamlico County, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Pamlico County in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.

Days on Market for Pamlico County, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
146 Days62 Days-57.2%

Summary: Homes in Pamlico County had an average of 62 days on market in Mar 2024, down by 57.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 14 homes were sold in Pamlico County; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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 22 Days Ago

Newest Listings in Pamlico County, NC

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