Is Pasquotank County, 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, Pasquotank County was a Seller's Market.
Key Takeaway
Pasquotank County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pasquotank County, NC
How much do homes in Pasquotank County, NC cost?
Median Sold Price
$295,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pasquotank County have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Pasquotank County was $295,000 in April 2024, up 11.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $131.5K | -15.2% |
| 2 Bedrooms | $154.5K | $162.5K | +5.2% |
| 3 Bedrooms | $242.4K | $281K | +15.9% |
| 4 Bedrooms | $355K | $357K | +0.6% |
| 5+ Bedrooms | $362.5K | $390.2K | +7.7% |
Summary: Pasquotank County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Counties
| Camden County | $355K | $399K | +12.4% |
| Pasquotank County | $264.9K | $295K | +11.3% |
| Perquimans County | $279K | $272.5K | -2.3% |
Housing Supply in Pasquotank County, NC
How many homes are available in Pasquotank County, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 370 | 388 | +4.9% |
Summary: The Pasquotank County real estate market had 388 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 23 | +43.8% |
| 3 Bedrooms | 229 | 250 | +9.2% |
| 4 Bedrooms | 103 | 96 | -6.8% |
| 5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The Pasquotank County 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 increased by 43.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 64 | -1.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pasquotank County, you may be able to get a good deal. 34.6% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in Pasquotank County in April 2024, down by 1.5% month-over-month. Of the 52 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% were sold over asking.
Days on Market for Pasquotank County, NC
How long does it take to sell a home in Pasquotank County, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 46 Days | +25.4% |
Summary: Homes in Pasquotank County had an average of 46 days on market in Apr 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pasquotank County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 64 homes were sold in Pasquotank County; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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