Housing Market Insights for Pitt County, NC ???
Understanding the trends in Pitt County’s real estate market is essential for making informed decisions. October 2024 data reveals intriguing shifts, whether you’re a first-time homebuyer, an investor, or someone considering a move. Here’s a snapshot:
?? Home Prices & Market Dynamics
The median list price for homes sits at $289,000, down slightly from the previous month, but sold home prices have increased by 4.82% year-over-year. It's a mixed bag, offering both challenges and opportunities.
?? Inventory Insights
With 479 homes available, inventory has surged by over 41% from last year. Despite this, we still see a seller’s market at 3.23 months of supply, making strategic buying or selling crucial.
? Days on Market
Homes are taking longer to sell, now averaging 60 days, compared to 37 days last year. Patience is key, but the right strategy could make all the difference.
?? Market Share & Home Types
Single-family homes dominate, while condos and townhouses make up a smaller segment. Knowing what type of property fits your needs can be pivotal in this evolving market.
?? Home Value Appreciation
The average home value is up 2.7%, a promising trend for homeowners and a sign of growing equity.
?? Considering Renting?
Rental prices range significantly, so if you're on the fence between renting and buying, it’s a conversation worth having.
Pitt County is ripe with opportunities, and timing is everything. If you're looking for personalized advice, Al and Victoria Pinder are here to guide you every step of the way.
?? Watch the full video below for deeper insights and actionable tips.
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