Is Elizabeth City Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elizabeth City Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Elizabeth City Township has remained a Seller's Market.

Key Takeaway

Elizabeth City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Elizabeth City Township, NC

How much do homes in Elizabeth City Township, NC cost?

Median Sold Price

$305,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,000(+5.5%)

Key Takeaway

Homes in Elizabeth City Township have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Elizabeth City Township was $305,000 in October 2024, up 5.5% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$111.5K
-32.4%
2 $160K$164.5K
+2.8%
3 $265K$290.1K
+9.5%
4 $359.9K$364.9K
+1.4%
5+ $390.2K$409K
+4.8%

Summary: Elizabeth City Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.4%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

Nixonton Township
+12.0%
Mount Hermon Township
+8.3%
Elizabeth City
+7.0%
Elizabeth City Township
+5.5%
Providence Township
-5.5%

Housing Supply in Elizabeth City Township, NC

How many homes are available in Elizabeth City Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
300333+11.0%

Summary: The Elizabeth City Township real estate market had 333 homes for sale in October 2024, a 11.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 1619
+18.8%
3 181207
+14.4%
4 8282
0.0%
5+ 1924
+26.3%

Summary: The Elizabeth City Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 14.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 26.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5167+31.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elizabeth City Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 67 homes were sold or pending in Elizabeth City Township in October 2024, up by 31.4% month-over-month. Of the 44 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.

Days on Market for Elizabeth City Township, NC

How long does it take to sell a home in Elizabeth City Township, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days45 Days+43.3%

Summary: Homes in Elizabeth City Township had an average of 45 days on market in Oct 2024, up by 43.3% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Elizabeth City Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 67 homes were sold in Elizabeth City Township; 51% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 15% 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 9 Days Ago

Newest Listings in Elizabeth City Township, NC

Nearby Markets to Elizabeth City Township, NC

What housing markets are near Elizabeth City Township, NC?