$96,000
Land
Listing Office: Mellnik Real Estate Services
Is Ellenboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Ellenboro has remained a Neutral Market.
Key Takeaway
Ellenboro 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 Ellenboro, NC
How much do homes in Ellenboro, NC cost?
Median Sold Price
$212,000
$129/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$50,000(+30.9%)
Key Takeaway
Homes in Ellenboro have sold for 30.9% more than they did a month ago.
Summary: The median home sold price in Ellenboro was $212,000 in October 2024, up 30.9% from last month, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $83K | N/A |
| 2 Bedrooms | $155K | - | N/A |
| 3 Bedrooms | $180.5K | $250K | +38.5% |
| 4 Bedrooms | - | $212K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Ellenboro housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 38.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Ellenboro, NC
How many homes are available in Ellenboro, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The Ellenboro real estate market had 30 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Ellenboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 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 Ellenboro, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Ellenboro in October 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Ellenboro, NC
How long does it take to sell a home in Ellenboro, NC?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 41 Days | +24.1% |
Summary: Homes in Ellenboro had an average of 41 days on market in Oct 2024, up by 24.1% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellenboro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Ellenboro; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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