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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hertford is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Hertford 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 Hertford, NC

How much do homes in Hertford, NC cost?

Median Sold Price

$327,950

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,450(+20.3%)

Key Takeaway

Homes in Hertford have sold for 20.3% more than they did a year ago.

Summary: The median home sold price in Hertford was $327,950 in October 2024, up 20.3% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $81K$95K
+17.3%
2 $148.5K$190K
+27.9%
3 $300K$349K
+16.3%
4 $273.7K$432.5K
+58.0%
5+ $55K$589.5K
+971.8%

Summary: Hertford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 27.9%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 58%, and 5+ bedroom homes increased by 971.8%.

Median Sold Price Compared To Nearby Cities

Hertford Township
+21.5%
Hertford
+20.3%
Bethel Township
+5.0%
Parkville Township
+3.8%

Housing Supply in Hertford, NC

How many homes are available in Hertford, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
101107+5.9%

Summary: The Hertford real estate market had 107 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 88
0.0%
3 6374
+17.5%
4 2721
-22.2%
5+ 23
+50.0%

Summary: The Hertford 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 remained the same, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1216+33.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Hertford in October 2024, up by 33.3% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% 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

Oct 2023Oct 2024CHANGE
50 Days64 Days+28.2%

Summary: Homes in Hertford had an average of 64 days on market in Oct 2024, up by 28.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 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 October 2024, 16 homes were sold in Hertford; 44% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 31% 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 16 Days Ago

Newest Listings in Hertford, NC

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