Is Elizabeth City, NC 27909 a buyer’s or seller’s market?
Elizabeth City is a seller’s market. With about 3.5 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 50% of U.S. ZIP codes, and #63 of 424 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Elizabeth City housing market right now
In the three months ending August 31, 2026, 25% of homes in Elizabeth City, NC 27909 sold above their list price, the typical home went under contract in 59 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 197 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 28%, homes sold more slowly (41 days then) and the median sale price rose 5% to $324,859. Overall, Elizabeth City is less competitive than a year ago, which gives buyers more room.
On our competition score, Elizabeth City ranks #63 of 424 NC ZIP codes with enough sales (score 49 out of 100).
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Questions about Elizabeth City real estate
Is Elizabeth City a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Elizabeth City, NC 27909 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Elizabeth City?
The typical home went under contract in 59 days in the latest three months.
Do homes in Elizabeth City sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in Elizabeth City?
About 0.67% of a home’s value a year in Pasquotank County, or roughly $2,680 on a $400,000 home.
What is the median home price in Elizabeth City?
The median sale price was $324,859 in the three months ending August 31, 2026, about $188 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology