Elm City Real Estate Market

Elm City Market

The median sale price for homes in Elm City over the last 12 months is $77,000.


The median mortgage debt is $60,018.

Additional Statistics for Single Family Homes and Condos in Elm City, NC
$210,000
Median Listing Price
98
Median Days on Market
47
Active Listings
2.1%
Distressed Listings
(foreclosures and short sales)
Elm City, NC Price Trends - Sold vs. Listed
The median list price in May for single family homes in Elm City is $210,000. The list prices increased by 37.7% from the previous month.

The price per square foot for listings in this area is $93.

The median sale price in December for single family homes is $104,500. The sale prices dropped by -13.27% from the previous month.

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Elm City, NC Market Inventory Trends

The number of active listings in Elm City increased by 2.2% from the previous month.

The median number of days active properties have been listed is 98.

The number of sales in December dropped by 50% from the previous month.

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Elm City, NC Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.