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Cheap Homes in Erwin, NC

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Erwin, NC Foreclosures

Current Market Conditions in in Erwin, NC As of February 2026?
In the past month, Erwin has seen an uptick in real estate activity, with an increase in buyer inquiries and showings. Inventory remains low, creating a seller's market; homes listed are sometimes receiving multiple offers within days. Buyers are adapting by placing more competitive bids to secure their desired properties. This heightened demand is indicative of a trend where potential homeowners are prioritizing communities that offer a combination of affordability, good schools, and outdoor access.
How much do homes sell for in Erwin, NC?
The average home price is currently $223,032.
In Erwin, NC, how many homes are available?
There are currently 1 active home listings available in Erwin.
What’s the average rental cost in Erwin, NC?
The average rental price in Erwin is $954.
What is the most expensive home in Erwin?
The most expensive home sold in Erwin had a price of $6,616,416.
What is currently the cheapest priced home in Erwin, NC?
The cheapest home for sale in Erwin is priced at $11,003.

Living in Erwin, NC

Erwin, NC is a picturesque small town with a close-knit community and a variety of recreational options. Its convenient location offers both the tranquility of rural life and access to urban amenities. The town features quality schools and numerous outdoor activities, making it an ideal place for families.

Buyer vs Seller Market in Erwin, NC

The housing market in Erwin, NC has experienced steady growth over the past few years. Listings have become increasingly competitive as more families look to settle in this quaint town. Although prices have been rising, the town remains affordable compared to larger urban centers, attracting first-time homebuyers and growing families.

In recent months, the market has shown a trend towards higher demand for single-family homes, with buyers seeking properties that offer yards and space for outdoor activities. This has led to quicker sales and increased interest in new construction as inventory becomes limited.

Home Value Estimator For Erwin, NC

There are currently 3,057 real estate properties in Erwin, NC, with a median automated valuation model (AVM) price of $187,721.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Erwin, 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 Erwin, NC, is $223,032.00, with the most expensive house in Erwin, NC, topping out at $6,616,416.00 and the cheapest home in Erwin, NC, clocking in at $11,003.00. In other words, there’s something for every potential homebuyer or savvy investor in Erwin, NC!

Rent Prices In Erwin, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Erwin, NC, is on a rollercoaster ride. The average rent price in Erwin, NC, is $954.00. Indeed, when looking to rent in Erwin, NC, you can expect to pay as little as $490.00 or as much as $3,100.00, with the average rent median estimated to be $930.00. The good news is that finding an affordable and desirable property to rent in Erwin, 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.

Cheap Homes in Erwin, NC


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