Erwin, NC

Buyer's market-1.8% YoY

Housing market overview · Updated weekly

$188,000median sale price

Homes sold

5

Last 12 weeks

Days on market

50

Average pace

Active listings

38

7.6 months supply

Sale-to-list

94.3%

Below asking

The Erwin housing market is currently classified as a buyer's market with a median sale price of $188,000. Prices have fallen 1.8% compared to last year, with homes spending an average of 50 days on market, indicating 7.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Erwin

There are currently 38 homes listed for sale in Erwin, North Carolina. The median listing price is $275K.

Active listings

38

Homes on market

Median list price

$275K

Avg. days on market

50

Days until sale

New this week

7

Newly listed

Price drops:21.1%of listings
Sale-to-list:94.3%

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Frequently asked questions

What is the average home price in Erwin?

The median home sale price in Erwin is $188,000, down 1.8% from last year.

How long do homes stay on market in Erwin?

Homes typically spend 50 days on market before going under contract.

Is Erwin a buyer's or seller's market?

With 7.6 months of supply, Erwin is currently a buyer's market.

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