Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Elizabeth City
October 23, 2026
(910) 395‑1000 · buddyblake.com
In Elizabeth City, 1 in 5 homes didn't sell
Over the last 12 months in Elizabeth City, 777 homes came off the market and 154 of them didn't sell. That is 20%, or 1 in 5, and it is better than 25% the year before. Homes that sold did so in a typical 24 days at a median price of $319,000.
Summary written October 17, 2026 from that day's numbers. The figures in the tiles update every hour, so they can differ slightly.
Which pile do you want to be in?
Out of every 20 homes listed in Elizabeth City over the last 12 months, the solid houses sold. The outlined ones expired or were canceled.
Priced right from day one: sold in a median 15 days. Needed price cuts: 55 days, and sold for 92.7% of the first price.
What waiting costs
| Property taxes | $165 |
| Homeowners insurance | $250 |
| Upkeep | $266 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $933 + mortgage |
About $933 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 119 days — roughly $3,628 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Pasquotank County rate 0.62 per $100 (NC Department of Revenue, 2025-26 county rates); town taxes add more inside town limits; insurance, upkeep (1% of value a year) and utilities are typical estimates.
When contracts fall apart
Contracts that fell apart
19%
143 of about 769 before closing
Those homes that later sold
71%
26% never sold
Sold vs. first ask after a fall-through
97.7%
vs. 100.0% on the first contract
Days to sell after a fall-through
46
vs. 20 on the first contract
The MLS doesn't record why a contract ends. In our experience the most common reasons are home inspection findings, appraisals that come in below the price, and buyer financing. How buyers paid on closed sales: conventional 27% · cash 16% · VA 35% · FHA 19%.
If you're selling
- Price it right from day one. The 418 homes priced right sold in a typical 16 days. The 205 that needed price cuts took 55 days and sold at a median 92.8% of asking.
- Watch your price range. In the $400–500K range, 31% of listings didn't sell. In the $300–400K range, it was 16%.
- Waiting costs money. On a $319,000 home, estimated carrying costs run about $933 a month before the mortgage. About $3,628 is the estimated cost of a home sitting unsold. Listings that never sold sat a median 119 days.
- Contracts fall apart about 1 in 5 times here (19%). The MLS doesn't record why, but in general experience it is most often inspection, appraisal or financing issues. Get ahead of those before you list. Of those that fell apart, 70% later sold and 27% never did.
If you're buying
- There is some room to negotiate. 52% of homes sold below their first asking price, though the typical sale landed at 99.4% of first ask.
- Look closely at homes that sit. Listings that never sold sat a median 119 days, and homes that needed cuts sold at a median 92.8% of asking.
- Buyers here pay in different ways. VA was 35%, conventional 27%, FHA 18% and cash 16%. A strong offer doesn't have to be cash.
Did you know?
- Did you know? A home that went under contract and then fell apart took a typical 46 days to sell, versus 20 days for a first contract.
- Did you know? Homes that sold after a contract fell apart went for a median 97.7% of asking. First-contract sales went for 100.0%.
- Did you know? The share of Elizabeth City listings that didn't sell dropped from 25% to 20% in a year.
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Thinking of selling in Elizabeth City? What it takes and what it costs →
For sellers
Listings that didn't sell
20%
down 5.8 pts from a year ago
151 expired or canceled vs 625 sold
Sold vs. first asking price
99.4%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
52%
share of homes that sold
Price cut on homes that didn't sell
0.0%
median — and they still didn't sell
For buyers
True days on market
24
down 1 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
0.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
25%
of listings that didn't sell the first time
Median sold price
$319K
up 4.6% from a year ago
625 homes sold
The last 24 months
8% latest month · Sep 26
17 latest month · Sep 26
100.0% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 264 | 49 | 16% | 21 | 98.5% |
| $300–400K | 212 | 39 | 16% | 25 | 100.0% |
| $400–500K | 88 | 38 | 30% | 33 | 100.0% |
| $500–750K | 53 | 23 | 30% | 16 | 100.0% |
| $750K–1M | 6 | 2 | 25% | 57 | 97.5% |
| $1M+ | 2 | 0 | 0% | 26 | 95.2% |
Neighborhoods in Elizabeth City
| Neighborhood | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Tooley Harbor | 35 | 28 | 44% | 57 | 98.7% |
| Adams Landing | 40 | 7 | 15% | 20 | 100.0% |
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired or were canceled — withdrawn and on-hold listings are not counted (some owners stop for reasons that have nothing to do with the market); true days on market counts from the first listing, even when a home was relisted. Source: Hive MLS listing and sales records, updated October 23, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000