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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downtown Elizabeth City is a buyer's market

Buyer's
Market

Difference Since September 2023

Since last year, Downtown Elizabeth City has remained a Buyer's Market.

Key Takeaway

Downtown Elizabeth City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Downtown Elizabeth City, NC

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

Median Sold Price

$223,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$3,000(+1.4%)

Key Takeaway

Homes in Downtown Elizabeth City have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Downtown Elizabeth City was $223,000 in September 2024, up 1.4% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $165K-
N/A
2 $163.5K$152.5K
-6.7%
3 $217.5K$257.4K
+18.4%
4 $255K$247K
-3.1%
5+ $323.7K$252.4K
-22.0%

Summary: Downtown Elizabeth City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 22%.

Housing Supply in Downtown Elizabeth City, NC

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1922+15.8%

Summary: The Downtown Elizabeth City real estate market had 22 homes for sale in September 2024, a 15.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1012
+20.0%
4 54
-20.0%
5+ 22
0.0%

Summary: The Downtown Elizabeth City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downtown Elizabeth City, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Downtown Elizabeth City in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Downtown Elizabeth City, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
2 Days4 Days+100.0%

Summary: Homes in Downtown Elizabeth City had an average of 4 days on market in Sep 2024, up by 100% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 2 homes were sold in Downtown Elizabeth City; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Downtown Elizabeth City, NC

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