Is Pasquotank County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Pasquotank County has remained a Seller's Market.
Housing Prices in Pasquotank County, NC
How much do homes in Pasquotank County, NC cost?
Median Sold Price
$320,000
$176/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Pasquotank County was $320,000 in May 2024, down 1.5% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $135K | -30.8% |
3 Bedrooms | $320K | $310K | -3.1% |
4 Bedrooms | $381.9K | $382.2K | 0.1% |
5+ Bedrooms | $420K | $423.7K | +0.9% |
Summary: Pasquotank County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.8%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Counties
Perquimans County | $270K | $299.9K | +11.1% |
Pasquotank County | $325K | $320K | -1.5% |
Housing Supply in Pasquotank County, NC
How many homes are available in Pasquotank County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
383 | 427 | +11.5% |
Summary: The Pasquotank County real estate market had 427 homes for sale in May 2024, a 11.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 248 | 281 | +13.3% |
4 Bedrooms | 95 | 102 | +7.4% |
5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Pasquotank County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 81 | +20.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Pasquotank County in May 2024, up by 20.9% month-over-month. Of the 53 sold homes, 32% were sold under asking, 28% were sold at asking, and 40% were sold over asking.
Days on Market for Pasquotank County, NC
How long does it take to sell a home in Pasquotank County, NC?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 Days | 37 Days | -18.0% |
Summary: Homes in Pasquotank County had an average of 37 days on market in May 2024, down by 18% compared to last month.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 81 homes were sold in Pasquotank County; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.