Is Ellenboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ellenboro has remained a Seller's Market.
Key Takeaway
Ellenboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellenboro, NC
How much do homes in Ellenboro, NC cost?
Median Sold Price
$182,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ellenboro have sold for 14.2% less than they did a year ago.
Summary: The median home sold price in Ellenboro was $182,500 in April 2024, down 14.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $52.5K | N/A |
| 2 Bedrooms | $169K | $165K | -2.4% |
| 3 Bedrooms | $244.5K | $242.5K | -0.8% |
| 4 Bedrooms | $219.9K | $553K | +151.5% |
| 5+ Bedrooms | - | $309K | N/A |
Summary: Ellenboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 151.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ellenboro | $212.7K | $182.5K | -14.2% |
| Colfax Township | $389.7K | $297.5K | -23.7% |
Housing Supply in Ellenboro, NC
How many homes are available in Ellenboro, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Summary: The Ellenboro real estate market had 21 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ellenboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellenboro, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Ellenboro in April 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Ellenboro, NC
How long does it take to sell a home in Ellenboro, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 44 Days | +92.4% |
Summary: Homes in Ellenboro had an average of 44 days on market in Apr 2024, up by 92.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ellenboro are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Ellenboro; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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