Is Washington, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Washington has remained a Seller's Market.
Key Takeaway
Washington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Washington, NC cost?
Median Sold Price
$235,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$60,800(+34.9%)
Key Takeaway
Homes in Washington have sold for 34.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $111K | $137.5K | +23.9% |
| 3 Bedrooms | $180.9K | $240K | +32.6% |
| 4 Bedrooms | $255K | $279.5K | +9.6% |
| 5+ Bedrooms | $141.9K | $315K | +122.0% |
Median Sold Price Compared To Nearby Cities
| Washington | $174.2K | $235K | +34.9% |
| Washington Township | $180K | $232.6K | +29.2% |
| Pantego Township | $217.4K | $247.3K | +13.8% |
| Chocowinity Township | $395.6K | $412.5K | +4.3% |
| Long Acre Township | $244.9K | $252K | +2.9% |
How many homes are available in Washington, NC?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 69 | 74 | +7.2% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 48 | 53 | +10.4% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
How long does it take to sell a home in Washington, NC?
How long does it take to sell a home in Washington, NC?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 15 Days | 62 Days | +313.9% |
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washington are selling fast, if you're buying plan to act quickly.
