Is Perquimans County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Perquimans County is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Perquimans County 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 Perquimans County, NC

How much do homes in Perquimans County, NC cost?

Median Sold Price

$326,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$56,000(+20.7%)

Key Takeaway

Homes in Perquimans County have sold for 20.7% more than they did a year ago.

Summary: The median home sold price in Perquimans County was $326,000 in October 2024, up 20.7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $81K$95K
+17.3%
2 $129.2K$190K
+47.0%
3 $288K$342K
+18.8%
4 $273.7K$435K
+58.9%
5+ $55K$589.5K
+971.8%

Summary: Perquimans County 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 47%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 58.9%, and 5+ bedroom homes increased by 971.8%.

Median Sold Price Compared To Nearby Counties

Perquimans County
+20.7%
Chowan County
+10.7%
Pasquotank County
+7.0%
Gates County
+6.9%

Housing Supply in Perquimans County, NC

How many homes are available in Perquimans County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
105112+6.7%

Summary: The Perquimans County real estate market had 112 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 99
0.0%
3 6475
+17.2%
4 2822
-21.4%
5+ 35
+66.7%

Summary: The Perquimans County 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 17.2%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1317+30.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perquimans County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Perquimans County in October 2024, up by 30.8% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Perquimans County, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days61 Days+32.4%

Summary: Homes in Perquimans County had an average of 61 days on market in Oct 2024, up by 32.4% compared to last year.

Breakdown of Home Sale Times

8 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 Perquimans County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in Perquimans County; 47% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 29% 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 20 Days Ago

Newest Listings in Perquimans County, NC

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