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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington County is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Washington County, NC

How much do homes in Washington County, NC cost?

Median Sold Price

$245,000

$129/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$118,750(+94.1%)

Key Takeaway

Homes in Washington County have sold for 94.1% more than they did a month ago.

Summary: The median home sold price in Washington County was $245,000 in February 2024, up 94.1% from last month, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $57.5K-
N/A
3 $195K$227.5K
+16.7%
4 -$285K
N/A
5+ --
N/A

Summary: Washington 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 did not change, 3 bedroom homes increased by 16.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Washington County
+94.1%
Tyrrell County
+13.4%

Housing Supply in Washington County, NC

How many homes are available in Washington County, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3237+15.6%

Summary: The Washington County real estate market had 37 homes for sale in February 2024, a 15.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1515
0.0%
4 1114
+27.3%
5+ 12
+100.0%

Summary: The Washington 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 increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Washington County in February 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Washington County, NC

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

Average Sale Time

Jan 2024Feb 2024CHANGE
16 Days90 Days+445.5%

Summary: Homes in Washington County had an average of 90 days on market in Feb 2024, up by 445.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 3 homes were sold in Washington County; 33% of homes were sold within 30 days, 33% 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 28 Days Ago

Newest Listings in Washington County, NC

Nearby Markets to Washington County, NC

What housing markets are near Washington County, NC?