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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pasquotank County is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Pasquotank 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 Pasquotank County, NC

How much do homes in Pasquotank County, NC cost?

Median Sold Price

$291,140

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$26,140(+9.9%)

Key Takeaway

Homes in Pasquotank County have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Pasquotank County was $291,140 in March 2024, up 9.9% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $155K$131.5K
-15.2%
2 $158K$152.5K
-3.5%
3 $244.9K$277.2K
+13.2%
4 $359.9K$355K
-1.4%
5+ $392.2K$374K
-4.7%

Summary: Pasquotank County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Counties

Camden County
+11.1%
Pasquotank County
+9.9%

Housing Supply in Pasquotank County, NC

How many homes are available in Pasquotank County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
338379+12.1%

Summary: The Pasquotank County real estate market had 379 homes for sale in March 2024, a 12.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1216
+33.3%
3 208231
+11.1%
4 97110
+13.4%
5+ 2021
+5.0%

Summary: The Pasquotank County 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 increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6557-12.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pasquotank County, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Pasquotank County in March 2024, down by 12.3% month-over-month. Of the 38 sold homes, 39% were sold under asking, 37% were sold at asking, and 24% were sold over asking.

Days on Market for Pasquotank County, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
39 Days59 Days+50.7%

Summary: Homes in Pasquotank County had an average of 59 days on market in Mar 2024, up by 50.7% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 57 homes were sold in Pasquotank County; 51% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 30% 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 26 Days Ago

Newest Listings in Pasquotank County, NC

Nearby Markets to Pasquotank County, NC

What housing markets are near Pasquotank County, NC?