$2,126 Closing Credit*
$179,000
1,434 SqFt
2 Beds
•1 Full Bath
Gail Adams, Listing Office: RE/MAX Signature Realty
Is Erwin, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Erwin has remained a Buyer's Market.
Key Takeaway
Erwin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Erwin, NC
How much do homes in Erwin, NC cost?
Median Sold Price
$245,200
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,800(-1.9%)
Key Takeaway
Homes in Erwin have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Erwin was $245,200 in November 2024, down 1.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.2K | - | N/A |
| 2 Bedrooms | $154.7K | $167.5K | +8.2% |
| 3 Bedrooms | $253K | $245.4K | -3.0% |
| 4 Bedrooms | $345K | $300K | -13.0% |
| 5+ Bedrooms | $490K | - | N/A |
Summary: Erwin 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 increased by 8.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Duke Township | $217K | $239.9K | +10.6% |
| Dunn | $259K | $265K | +2.3% |
| Dunn | $261K | $265K | +1.5% |
| Erwin | $250K | $245.2K | -1.9% |
| Averasboro Township | $235.5K | $225K | -4.5% |
Housing Supply in Erwin, NC
How many homes are available in Erwin, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 40 | -9.1% |
Summary: The Erwin real estate market had 40 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Erwin 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 20%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Erwin, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Erwin in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Erwin, NC
How long does it take to sell a home in Erwin, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 115 Days | 18 Days | -84.0% |
Summary: Homes in Erwin had an average of 18 days on market in Nov 2024, down by 84% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Erwin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Erwin; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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