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Featured local agent — Elm City, NC
Sarah Mitchell
Compass Real Estate · Elm City, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elm City, NC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$192,500median sale price
How is the Elm City, NC housing market right now?
The median home sale price in Elm City, NC is $192,500, down 29.1% year-over-year. Homes sell in an average of 87 days with 1 active listings. The market is currently a seller's 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 Elm City a buyer's or seller's market?
Elm City, NC is currently a seller's market, based on 0.5 months of supply and homes selling in about 87 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
87
Average pace
Active listings
1
0.5 months supply
Sale-to-list
96.5%
Below asking
What does the Elm City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $192,500 |
| Year-over-year price change | -29.1% |
| Average days on market | 87 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $150/sq ft |
| Homes sold (latest month) | 2 |
| Listings with a price cut | 100.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elm City by property type?
How the Elm 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 | $192,500 | $150/sq ft | 2 | 87 days |
Source: Redfin · Updated monthly
The Elm City housing market is currently classified as a seller's market with a median sale price of $192,500. Prices have fallen 29.1% compared to last year, with homes spending an average of 87 days on market, indicating 0.5 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 Elm City
There are currently 1 homes listed for sale in Elm City, North Carolina.
Active listings
1
Homes on market
Avg. days on market
87
Days until sale
Who lives in Elm City?
Population
1,173
Median income
$44,698/yr
Median age
49.6 years
Owner-occupied
65.4%
College grads
14.9%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Elm City?
Zillow home value
$238,101
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Elm City?
Elm City is a community of approximately 1K residents with a median age of 49.6 years.The median household income is $44,698, which represents a working-class community with solid middle-income opportunities. 14.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elm City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elm City?
3 schools tracked · 1,285 students
The largest public schools serving Elm 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.
Coopers Elementary
Grades PK-5 · 618 students
Elm City Middle
Grades 6-8 · 425 students
Gardners Elementary
Grades K-5 · 242 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 Elm City, NC?
Want a head-to-head view? Compare Elm City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elm City?
The median home sale price in Elm City is $192,500, down 29.1% from last year.
How long do homes stay on market in Elm City?
Homes typically spend 87 days on market before going under contract.
What is the median income in Elm City?
The median household income is $44,698 per year.
Is Elm City a buyer's or seller's market?
With 0.5 months of supply, Elm City is currently a seller's market.
What is the Zillow home value estimate for Elm City?
The Zillow Home Value Index (ZHVI) for Elm City is $238,101, representing the typical home value in the area.
How much does a single-family home cost in Elm City?
The median single-family home price in Elm City, NC is $192,500 (about $150 per square foot).
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