Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27909 · Elizabeth City
November 1, 2026
(910) 395‑1000 · buddyblake.com
Elizabeth City area: one in five listings ended without a sale
Around Elizabeth City, ZIP 27909, 764 listings ended in the last 12 months. 619 sold and 145 didn't, a 19% rate, down from 27% the year before. The median home sold in 23 days for a median price of $319,000.
Summary written November 2, 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 ZIP 27909 · 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 16 days. Needed price cuts: 57 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 | $931 + mortgage |
About $931 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 114 days — roughly $3,487 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%
144 of about 763 before closing
Those homes that later sold
69%
29% 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. Homes priced right sold in a median 16 days.
- Homes that needed price cuts took a median 57 days to sell, and sold at 92.7%.
- The $500–750K range had the highest didn't-sell rate, at 25%. Check your comps before you list.
- Contracts fell apart 19% of the time. Most often that's inspection, appraisal or financing issues, so get those lined up before you go under contract. After a fall-through, 69% sold later, in a median 46 days.
If you're buying
- 52% of homes sold below their first asking price. There is room to negotiate.
- Under $300K had the lowest didn't-sell rate, at 17%.
- VA loans were the most common payment method at 35%, followed by conventional at 27%, FHA at 19% and cash at 16%.
Did you know?
- A home at $319,000 carries an estimated $931 a month before mortgage.
- Listings that never sold sat a median 114 days before ending.
- While unsold, a home at $319,000 carries an estimated $3,487 in costs before mortgage.
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For sellers
Listings that didn't sell
19%
down 7.6 pts from a year ago
145 expired or canceled vs 619 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
23
down 2 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
26%
of listings that didn't sell the first time
Median sold price
$319K
up 3.5% from a year ago
619 homes sold
The last 24 months
33% latest month · Oct 26
27 latest month · Oct 26
99.6% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 261 | 53 | 17% | 21 | 98.5% |
| $300–400K | 209 | 45 | 18% | 24 | 100.0% |
| $400–500K | 89 | 28 | 24% | 32 | 100.0% |
| $500–750K | 52 | 17 | 25% | 17 | 100.0% |
| $750K–1M | 6 | 2 | 25% | 57 | 97.5% |
| $1M+ | 2 | 0 | 0% | 26 | 95.2% |
ZIP 27909 · Elizabeth City housing market: quick answers
How long do homes take to sell in ZIP 27909 · Elizabeth City?
Homes that sold in ZIP 27909 · Elizabeth City over the last 12 months took a median of 23 days, counted from the day they were first listed (relists included). That's down 2 days from a year ago.
What do homes in ZIP 27909 · Elizabeth City sell for compared to the asking price?
The median home in ZIP 27909 · Elizabeth City sold for 99.4% of its first asking price in the last 12 months, and 52% of the homes that sold went for less than the original price. That's about the same as a year ago.
What percentage of homes listed in ZIP 27909 · Elizabeth City don't sell?
19% of homes listed in ZIP 27909 · Elizabeth City over the last 12 months expired or were canceled without selling — about 1 in 5 (145 didn't sell vs 619 sold). That's down 7.6 pts from a year ago. The homes that didn't sell had already cut their price a median 0.0%.
What is the median sold price in ZIP 27909 · Elizabeth City?
The median sold price in ZIP 27909 · Elizabeth City over the last 12 months was $319,000, across 619 homes sold. That's up 3.5% from a year ago.
What is my home worth in ZIP 27909 · Elizabeth City?
The median home in ZIP 27909 · Elizabeth City sold for $319,000 over the last 12 months (619 sales), up about 3.5% from $308,350 the prior 12 months. Your property's value depends on its size, condition, lot and street, and online estimates often disagree by a wide margin. Enter your address under "What's my home worth?" on the homepage to see what's for sale, under contract and sold around you, or call for a price built from the homes that actually compete with yours.
Are home prices in ZIP 27909 · Elizabeth City going down?
No — not at the median. Homes in ZIP 27909 · Elizabeth City sold for a median of $319,000 in the last 12 months, up about 3.5% from $308,350 the prior 12 months. More homes sold (619 vs 584), and the median time on the market went from 25 to 23 days. Prices move differently by neighborhood and price range, so check the band your home falls in below.
Where do these ZIP 27909 · Elizabeth City housing market numbers come from?
Hive MLS listing and sales records for homes only (land excluded), covering the last 12 months and updated November 1, 2026. The figures refresh from the MLS every hour; "didn't sell" counts only expired and canceled listings. Compiled by Buddy Blake Team, Coldwell Banker Sea Coast Advantage.
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 November 1, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000