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Featured local agent — Elizabeth City, NC
Sarah Mitchell
Compass Real Estate · Elizabeth City, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elizabeth City, NC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$324,850median sale price
How is the Elizabeth City, NC housing market right now?
The median home sale price in Elizabeth City, NC is $324,850, up 9.0% year-over-year. Homes sell in an average of 57 days with 118 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elizabeth City a buyer's or seller's market?
Elizabeth City, NC is currently a balanced market, based on 3.2 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
37
Last 12 weeks
Days on market
57
Average pace
Active listings
118
3.2 months supply
Sale-to-list
100.4%
Above asking
What does the Elizabeth City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $324,850 |
| Median list price | $329,900 |
| Year-over-year price change | +9.0% |
| Average days on market | 57 days |
| Active inventory | 118 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 100.4% |
| Median price per sq ft | $169/sq ft |
| Homes sold (latest month) | 37 |
| New listings (latest month) | 39 |
| Listings with a price cut | 18.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Elizabeth City by property type?
How the Elizabeth City, NC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $340,000 | $168/sq ft | 32 | 54 days |
| Condo / Co-op | $254,950 | $177/sq ft | 2 | 67 days |
| Townhouse | $279,900 | $166/sq ft | 3 | 95 days |
Source: Redfin · Updated monthly
The Elizabeth City housing market is currently classified as a balanced market with a median sale price of $324,850. Prices have risen 9.0% compared to last year, with homes spending an average of 57 days on market, indicating 3.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Elizabeth City
There are currently 118 homes listed for sale in Elizabeth City, North Carolina. The median listing price is $330K.
Active listings
118
Homes on market
Median list price
$330K
Avg. days on market
57
Days until sale
New this week
39
Newly listed
Who lives in Elizabeth City?
Population
18,740
Median income
$50,947/yr
Median age
36.1 years
Owner-occupied
41.0%
College grads
28.0%
Avg commute
22.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Elizabeth City?
Zillow home value
$270,998
Zillow rent index
$1,607/mo
Price-to-rent ratio
14.0x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Elizabeth City?
Elizabeth City is a community of approximately 19K residents with a median age of 36.1 years.The median household income is $50,947, which represents a working-class community with solid middle-income opportunities. 28.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 41.0%, showing a blend of owner and renter-occupied properties. The average commute time is 22.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elizabeth City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elizabeth City?
14 schools tracked · 5,480 students
The largest public schools serving Elizabeth City, NC by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Northeast Academy of Aerospace & AdvTech
Grades 5-12 · 761 students
Northeastern High
Grades 9-12 · 666 students
Pasquotank County High
Grades 9-12 · 616 students
Elizabeth City Middle
Grades 6-8 · 472 students
Sheep-Harney Elementary
Grades PK-5 · 468 students
River Road Middle
Grades 6-8 · 428 students
Northside Elementary
Grades K-5 · 411 students
J C Sawyer Elementary
Grades K-5 · 372 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elizabeth City, NC?
Want a head-to-head view? Compare Elizabeth City side-by-side with any other U.S. city using our market-comparison tool.
Is Elizabeth City a good real estate investment market?
For investors evaluating Elizabeth City, the price-to-rent ratio of 14.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 9.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elizabeth City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elizabeth City's median home price.
Frequently asked questions
What is the average home price in Elizabeth City?
The median home sale price in Elizabeth City is $324,850, up 9.0% from last year.
How long do homes stay on market in Elizabeth City?
Homes typically spend 57 days on market before going under contract.
What is the median income in Elizabeth City?
The median household income is $50,947 per year.
Is Elizabeth City a buyer's or seller's market?
With 3.2 months of supply, Elizabeth City is currently a balanced market.
What is the Zillow home value estimate for Elizabeth City?
The Zillow Home Value Index (ZHVI) for Elizabeth City is $270,998, representing the typical home value in the area.
What is the median condo price in Elizabeth City?
The median condo/co-op sale price in Elizabeth City, NC is $254,950, compared to $340,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elizabeth City?
The median single-family home price in Elizabeth City, NC is $340,000 (about $168 per square foot).
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