Is Elizabethtown, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elizabethtown is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Elizabethtown, NC

How much do homes in Elizabethtown, NC cost?

Median Sold Price

$210,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$12,500(-5.6%)

Key Takeaway

Homes in Elizabethtown have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Elizabethtown was $210,000 in November 2024, down 5.6% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$123K
+123.6%
2 $165K$134K
-18.8%
3 $225K$217.5K
-3.3%
4 $291K$335K
+15.1%
5+ $345.5K$477.4K
+38.2%

Summary: Elizabethtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.6%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 38.2%.

Median Sold Price Compared To Nearby Cities

Elizabethtown
-5.6%
Elizabethtown Township
-7.4%

Housing Supply in Elizabethtown, NC

How many homes are available in Elizabethtown, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6663-4.5%

Summary: The Elizabethtown real estate market had 63 homes for sale in November 2024, a 4.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 55
0.0%
3 3837
-2.6%
4 1816
-11.1%
5+ 43
-25.0%

Summary: The Elizabethtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
880.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elizabethtown, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Elizabethtown in November 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Elizabethtown, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
80 Days36 Days-54.6%

Summary: Homes in Elizabethtown had an average of 36 days on market in Nov 2024, down by 54.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Elizabethtown; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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

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