Is Edenton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Edenton has remained a Buyer's Market.
Key Takeaway
Edenton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Edenton, NC
How much do homes in Edenton, NC cost?
Median Sold Price
$282,500
$189/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Edenton have sold for 3% less than they did a month ago.
Summary: The median home sold price in Edenton was $282,500 in April 2024, down 3% from last month, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $244K | $285K | +16.8% |
| 3 Bedrooms | $291.2K | $285K | -2.1% |
| 4 Bedrooms | $417K | $165K | -60.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Edenton housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 60.4%, and 5+ bedroom homes did not change.
Housing Supply in Edenton, NC
How many homes are available in Edenton, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 107 | +5.9% |
Summary: The Edenton real estate market had 107 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 69 | 69 | 0.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Edenton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Edenton, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Edenton in April 2024, down by 7.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Edenton, NC
How long does it take to sell a home in Edenton, NC?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 35 Days | -27.8% |
Summary: Homes in Edenton had an average of 35 days on market in Apr 2024, down by 27.8% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Edenton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Edenton; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Copyright © 2024 REIN, Inc - All Rights Reserved. Information Deemed Reliable But Not Guaranteed.