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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgecombe County is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Edgecombe 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 Edgecombe County, NC

How much do homes in Edgecombe County, NC cost?

Median Sold Price

$178,962

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,562(+6.9%)

Key Takeaway

Homes in Edgecombe County have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Edgecombe County was $178,962 in November 2024, up 6.9% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K-
N/A
2 $83.4K$80K
-4.1%
3 $161.3K$179.9K
+11.5%
4 $264.9K$247K
-6.8%
5+ $298.6K$270K
-9.6%

Summary: Edgecombe County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Counties

Wilson County
+8.6%
Edgecombe County
+6.9%
Martin County
+5.3%
Nash County
+3.2%

Housing Supply in Edgecombe County, NC

How many homes are available in Edgecombe County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
204198-2.9%

Summary: The Edgecombe County real estate market had 198 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2834
+21.4%
3 120112
-6.7%
4 4540
-11.1%
5+ 1011
+10.0%

Summary: The Edgecombe County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4033-17.5%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgecombe County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Edgecombe County in November 2024, down by 17.5% month-over-month. Of the 33 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for Edgecombe County, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days63 Days+54.0%

Summary: Homes in Edgecombe County had an average of 63 days on market in Nov 2024, up by 54% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 33 homes were sold in Edgecombe County; 42% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 30% 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 21 Days Ago

Newest Listings in Edgecombe County, NC

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