$3,563 Closing Credit*
$300,000
2,311 SqFt
4 Beds
•2 Full Baths, 1 Partial
Mandy Moultrie, Listing Office: Berkshire Hathaway HomeService
Is Erwin, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Erwin has remained a Seller's Market.
Key Takeaway
Erwin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Erwin, NC
How much do homes in Erwin, NC cost?
Median Sold Price
$250,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,500(+4.4%)
Key Takeaway
Homes in Erwin have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Erwin was $250,000 in October 2024, up 4.4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.2K | - | N/A |
| 2 Bedrooms | $154.7K | $165K | +6.6% |
| 3 Bedrooms | $250K | $250K | 0.0% |
| 4 Bedrooms | $329.7K | $312.4K | -5.2% |
| 5+ Bedrooms | $625K | - | N/A |
Summary: Erwin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Duke Township | $202.5K | $230K | +13.6% |
| Dunn | $250K | $265K | +6.0% |
| Dunn | $250K | $264K | +5.6% |
| Erwin | $239.5K | $250K | +4.4% |
| Averasboro Township | $230K | $232K | +0.9% |
Housing Supply in Erwin, NC
How many homes are available in Erwin, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 42 | 0.0% |
Summary: The Erwin real estate market had 42 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Erwin 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 25%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Erwin, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Erwin in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 37 Days | -53.8% |
Summary: Homes in Erwin had an average of 37 days on market in Oct 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Erwin has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Erwin; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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