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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elizabeth City Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Elizabeth City Township was a Buyer's Market.

Key Takeaway

Elizabeth City Township 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 Elizabeth City Township, NC

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

Median Sold Price

$304,940

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,940(+7.0%)

Key Takeaway

Homes in Elizabeth City Township have sold for 7% more than they did a year ago.

Summary: The median home sold price in Elizabeth City Township was $304,940 in November 2024, up 7% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$111.5K
-32.4%
2 $159K$172.5K
+8.5%
3 $265K$290.5K
+9.6%
4 $355K$365K
+2.8%
5+ $378K$415K
+9.8%

Summary: Elizabeth City Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.4%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Cities

Nixonton Township
+9.4%
Mount Hermon Township
+7.1%
Elizabeth City Township
+7.0%
Elizabeth City
+7.0%
Providence Township
-8.5%

Housing Supply in Elizabeth City Township, NC

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
321333+3.7%

Summary: The Elizabeth City Township real estate market had 333 homes for sale in November 2024, a 3.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1820
+11.1%
3 200206
+3.0%
4 8187
+7.4%
5+ 2119
-9.5%

Summary: The Elizabeth City Township 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 11.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7055-21.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elizabeth City Township, you may be able to get a good deal. 55.3% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Elizabeth City Township in November 2024, down by 21.4% month-over-month. Of the 38 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.

Days on Market for Elizabeth City Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
50 Days50 Days0.3%

Summary: Homes in Elizabeth City Township had an average of 50 days on market in Nov 2024, up by 0.3% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 55 homes were sold in Elizabeth City Township; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% 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 Elizabeth City Township, NC

Nearby Markets to Elizabeth City Township, NC

What housing markets are near Elizabeth City Township, NC?