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Preforeclosure Homes in Ellerbe, NC

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Living in Ellerbe, NC

Ellerbe, NC is a charming small town that combines a friendly community atmosphere with access to beautiful outdoor spaces and a rich cultural heritage. With its affordable housing options and proximity to nature, Ellerbe is ideal for families and individuals looking for a peaceful lifestyle.

Current Market Conditions in Ellerbe, NC

The real estate market in Ellerbe has been steadily improving over the past few months. There has been a noticeable increase in property values as interest from buyers seeking affordable homes has risen, likely due to the overall low inventory in more urban areas. Many homes are updated and offer significant yard space, appealing to families and retirees alike.

Current trends show that homes in Ellerbe are selling within weeks of being listed, with some properties receiving multiple offers due to their desirable price points and locations. The overall market remains competitive but remains affordable compared to neighboring towns.

Home Value Estimator For Ellerbe, NC

There are currently 1,171 real estate properties in Ellerbe, NC, with a median automated valuation model (AVM) price of $160,149.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ellerbe, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Ellerbe, NC, is $194,706.00, with the most expensive house in Ellerbe, NC, topping out at $2,875,291.00 and the cheapest home in Ellerbe, NC, clocking in at $5,797.00. In other words, there’s something for every potential homebuyer or savvy investor in Ellerbe, NC!

Rent Prices In Ellerbe, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ellerbe, NC, is on a rollercoaster ride. The average rent price in Ellerbe, NC, is $829.00. Indeed, when looking to rent in Ellerbe, NC, you can expect to pay as little as $490.00 or as much as $1,980.00, with the average rent median estimated to be $770.00. The good news is that finding an affordable and desirable property to rent in Ellerbe, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Ellerbe, NC Preforeclosure Homes


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