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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hertford is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hertford, NC

How much do homes in Hertford, NC cost?

Median Sold Price

$336,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$61,000(+22.2%)

Key Takeaway

Homes in Hertford have sold for 22.2% more than they did a year ago.

Summary: The median home sold price in Hertford was $336,000 in November 2024, up 22.2% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $37K$95K
+156.8%
2 $161.5K$189K
+17.0%
3 $307.5K$354.5K
+15.3%
4 $273.7K$470K
+71.7%
5+ $55K$589.5K
+971.8%

Summary: Hertford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 156.8%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 71.7%, and 5+ bedroom homes increased by 971.8%.

Median Sold Price Compared To Nearby Cities

Hertford
+22.2%
Hertford Township
+22.2%
Parkville Township
+18.3%
Bethel Township
+15.1%

Housing Supply in Hertford, NC

How many homes are available in Hertford, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
103102-1.0%

Summary: The Hertford real estate market had 102 homes for sale in November 2024, a 1.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 88
0.0%
3 6968
-1.4%
4 2221
-4.5%
5+ 34
+33.3%

Summary: The Hertford 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 remained the same, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
177-58.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hertford, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Hertford in November 2024, down by 58.8% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Hertford, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days66 Days+71.1%

Summary: Homes in Hertford had an average of 66 days on market in Nov 2024, up by 71.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Hertford; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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

Newest Listings in Hertford, NC

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