Is Erwin, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Erwin was a Seller's Market.
Housing Prices in Erwin, NC
How much do homes in Erwin, NC cost?
Median Sold Price
$239,450
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Erwin was $239,450 in April 2024, up 1.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $112.5K | +12.5% |
2 Bedrooms | $160K | $155.5K | -2.8% |
3 Bedrooms | $239.9K | $250K | +4.2% |
4 Bedrooms | $347.3K | $385K | +10.8% |
5+ Bedrooms | $760K | $490K | -35.5% |
Summary: Erwin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 35.5%.
Median Sold Price Compared To Nearby Cities
Dunn | $225.3K | $254.9K | +13.2% |
Dunn | $225.9K | $255K | +12.9% |
Duke Township | $195K | $217K | +11.3% |
Averasboro Township | $213.4K | $235K | +10.1% |
Erwin | $236K | $239.4K | +1.5% |
Housing Supply in Erwin, NC
How many homes are available in Erwin, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 42 | -8.7% |
Summary: The Erwin real estate market had 42 homes for sale in April 2024, a 8.7% decrease 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 | 9 | 7 | -22.2% |
3 Bedrooms | 26 | 24 | -7.7% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Erwin 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 decreased by 22.2%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Erwin in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Erwin, NC
How long does it take to sell a home in Erwin, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
120 Days | 95 Days | -20.6% |
Summary: Homes in Erwin had an average of 95 days on market in Apr 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Erwin; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.