Is Washington, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Washington has remained a Seller's Market.
Housing Prices in Washington, NC
How much do homes in Washington, NC cost?
Median Sold Price
$259,950
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Washington was $259,950 in March 2024, up 13% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $137.7K | $188.5K | +36.8% |
3 Bedrooms | $234.7K | $250K | +6.5% |
4 Bedrooms | $290K | $277.7K | -4.2% |
5+ Bedrooms | $240K | $336.2K | +40.1% |
Summary: Washington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 40.1%.
Median Sold Price Compared To Nearby Cities
Pantego Township | $237K | $278.5K | +17.5% |
Washington Township | $229.4K | $260K | +13.3% |
Washington | $229.9K | $259.9K | +13.0% |
Long Acre Township | $240K | $263K | +9.6% |
Chocowinity Township | $405K | $437K | +7.9% |
Housing Supply in Washington, NC
How many homes are available in Washington, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
86 | 80 | -7.0% |
Summary: The Washington real estate market had 80 homes for sale in March 2024, a 7.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 47 | 45 | -4.3% |
4 Bedrooms | 23 | 19 | -17.4% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Washington 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 decreased by 10%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Washington in March 2024, up by 23.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 50% were sold at asking, and 19% were sold over asking.
Days on Market for Washington, NC
How long does it take to sell a home in Washington, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 91 Days | +21.0% |
Summary: Homes in Washington had an average of 91 days on market in Mar 2024, up by 21% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Washington; 63% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.