$2,375 Closing Credit*
$199,999
1,450 SqFt
2 Beds
•2 Full Baths, 2 Partial
#100476231, Listing Office: Trinity Real Estate
Is Elm City, 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, Elm City was a Neutral Market.
Key Takeaway
Elm City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elm City, NC
How much do homes in Elm City, NC cost?
Median Sold Price
$255,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+5.8%)
Key Takeaway
Homes in Elm City have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Elm City was $255,000 in November 2024, up 5.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $56.5K | N/A |
| 2 Bedrooms | $177.5K | $155K | -12.7% |
| 3 Bedrooms | $235K | $265K | +12.8% |
| 4 Bedrooms | $275K | $335K | +21.8% |
| 5+ Bedrooms | $299.9K | - | N/A |
Summary: Elm City 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 12.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elm City | $241K | $255K | +5.8% |
| Toisnot Township | $256.5K | $186.2K | -27.4% |
Housing Supply in Elm City, NC
How many homes are available in Elm City, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Elm City real estate market had 20 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elm City 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 100%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elm City, 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 Elm City in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Elm City, NC
How long does it take to sell a home in Elm City, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 98 Days | +80.0% |
Summary: Homes in Elm City had an average of 98 days on market in Nov 2024, up by 80% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elm City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Elm City; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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