$2,636 Closing Credit*
$222,000
850 SqFt
2 Beds
•2 Full Baths
#100480023, Listing Office: Coldwell Banker Sea Coast Advantage
Is Echo Farms, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Echo Farms was a Seller's Market.
Key Takeaway
Echo Farms 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 Echo Farms, NC
How much do homes in Echo Farms, NC cost?
Median Sold Price
$319,950
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,050(-3.0%)
Key Takeaway
Homes in Echo Farms have sold for 3% less than they did a year ago.
Summary: The median home sold price in Echo Farms was $319,950 in November 2024, down 3% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.7K | $207.5K | +9.4% |
| 2 Bedrooms | $240K | $230K | -4.2% |
| 3 Bedrooms | $305K | $345K | +13.1% |
| 4 Bedrooms | $497.4K | $538.5K | +8.3% |
| 5+ Bedrooms | $580.1K | $532.5K | -8.2% |
Summary: Echo Farms housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Carriage Hills | $315K | $345K | +9.5% |
| Echo Farms | $330K | $319.9K | -3.0% |
Housing Supply in Echo Farms, NC
How many homes are available in Echo Farms, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 56 | +3.7% |
Summary: The Echo Farms real estate market had 56 homes for sale in November 2024, a 3.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Echo Farms housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Echo Farms, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Echo Farms in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Echo Farms, NC
How long does it take to sell a home in Echo Farms, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 44 Days | +8.6% |
Summary: Homes in Echo Farms had an average of 44 days on market in Nov 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Echo Farms has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Echo Farms; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
