Is Camden, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Camden was a Seller's Market.
Key Takeaway
Camden is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Camden, NC
How much do homes in Camden, NC cost?
Median Sold Price
$399,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Camden have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Camden was $399,000 in May 2024, up 5.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $107.6K | N/A |
| 2 Bedrooms | - | $200K | N/A |
| 3 Bedrooms | $376.5K | $377.4K | 0.3% |
| 4 Bedrooms | $355K | $440K | +23.9% |
| 5+ Bedrooms | $464.9K | $495K | +6.5% |
Summary: Camden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Crawford Township | $380K | $445K | +17.1% |
| Courthouse Township | $355K | $399K | +12.4% |
| Elizabeth City | $270K | $298.2K | +10.5% |
| Camden | $379K | $399K | +5.3% |
| Providence Township | $308.3K | $315K | +2.1% |
Housing Supply in Camden, NC
How many homes are available in Camden, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 51 | +18.6% |
Summary: The Camden real estate market had 51 homes for sale in May 2024, a 18.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 27 | 24 | -11.1% |
| 4 Bedrooms | 9 | 19 | +111.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Camden housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 111.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Camden, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Camden in May 2024, down by 28.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Camden, NC
How long does it take to sell a home in Camden, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 48 Days | +443.4% |
Summary: Homes in Camden had an average of 48 days on market in May 2024, up by 443.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Camden has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Camden; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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