Is Pamlico County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pamlico County is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Pamlico County was a Seller's Market.

Key Takeaway

Pamlico 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 Pamlico County, NC

How much do homes in Pamlico County, NC cost?

Median Sold Price

$390,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,000(+5.4%)

Key Takeaway

Homes in Pamlico County have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Pamlico County was $390,000 in May 2024, up 5.4% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $237.5K$417.5K
+75.8%
2 $322.5K$262.5K
-18.6%
3 $383.9K$466.4K
+21.5%
4 $510.8K$420.5K
-17.7%
5+ $320K$494.5K
+54.5%

Summary: Pamlico County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.8%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 21.5%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes increased by 54.5%.

Median Sold Price Compared To Nearby Counties

Beaufort County
+8.2%
Craven County
+6.3%
Pamlico County
+5.4%

Housing Supply in Pamlico County, NC

How many homes are available in Pamlico County, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
94101+7.4%

Summary: The Pamlico County real estate market had 101 homes for sale in May 2024, a 7.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 03
+100.0%
2 2221
-4.5%
3 6669
+4.5%
4 56
+20.0%
5+ 12
+100.0%

Summary: The Pamlico County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1715-11.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pamlico County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Pamlico County in May 2024, down by 11.8% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.

Days on Market for Pamlico County, NC

How long does it take to sell a home in Pamlico County, NC?

Average Sale Time

May 2023May 2024CHANGE
43 Days83 Days+91.2%

Summary: Homes in Pamlico County had an average of 83 days on market in May 2024, up by 91.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pamlico County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 15 homes were sold in Pamlico County; 47% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 33% 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 1 Day Ago

Newest Listings in Pamlico County, NC

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