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ELLERBE, NC 28338

Real Estate Market Report  ·  Richmond County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The ELLERBE, NC real estate market (28338) currently shows 4 active listings, with 1 pending sales. Homes are averaging 159 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 159 days on market compared to 101 days last year.

The median listing price has risen 18.7% year-over-year, from $240,000 to $284,900.

Whether you are buying or selling in ELLERBE, NC, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,721  ·  Density: 9.8/mi²  ·  Median household income: $56,854

Typical home value: $137,815  ·  Homeownership: 78.6%

Market Overview

Active Listings
4
⇩ 42.9% vs 7 last year
Pending
1
25% pending ratio
Median Price
$284,900
⇧ 18.7% vs $240,000 last year
Average Price
$298,967
⇩ 5.7% vs $317,200 last year
Days on Market
159
⇧ 57.4% vs 101 days last year

Price Per Square Foot

Median $/sqft
$132
⇩ 20% vs $165/sqft last year
Median Home Size
1,619 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 7 last year
  • Days on market: 159 now vs 101 last year

Median & Average Pricing

Year over Year
  • Median: $284,900 (+18.7% YoY)
  • Average: $298,967 (-5.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.0 miles — 421 listings ($196,037,893 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
28338Ellerbe, NC 283380.0 mi3$843,900$299,900$281,300
27229Candor, NC 2722910.8 mi5$1,256,500$240,000$251,300
28091Lilesville, NC 2809112.6 mi5$1,309,000$205,000$261,800
28373Pinebluff, NC 2837315.3 mi14$5,060,678$369,475$361,477
28345Hamlet, NC 2834516.0 mi32$7,418,048$217,000$231,814
27209Biscoe, NC 2720917.0 mi5$1,670,750$325,000$334,150
27242Eagle Springs, NC 2724217.9 mi2$300,000$150,000$150,000
28170Wadesboro, NC 2817020.4 mi55$14,612,730$249,250$265,686
28387Southern Pines, NC 2838722.2 mi143$83,656,001$493,500$585,007
28119Morven, NC 2811922.5 mi7$1,843,730$206,000$263,390
28128Norwood, NC 2812824.2 mi29$26,703,055$576,583$920,795
28343Gibson, NC 2834325.0 mi5$1,277,485$226,125$255,497
28327Carthage, NC 2832726.0 mi116$50,086,016$411,670$431,776

Frequently Asked Questions

How many homes are for sale in ELLERBE, NC 28338?

As of March 2026, there are 4 active listings in ELLERBE, NC (zip code 28338), compared to 7 the prior year.

What is the median home price in ELLERBE, NC 28338?

The median listing price in ELLERBE, NC 28338 is $284,900 as of March 2026, a 18.7% increase from $240,000 the prior year.

How long do homes stay on the market in ELLERBE, NC?

Homes in ELLERBE, NC 28338 spend an average of 159 days on the market before going under contract, compared to 101 days the prior year.

Is it a seller's or buyer's market in ELLERBE, NC 28338?

Based on current inventory and days-on-market data as of March 2026, ELLERBE, NC 28338 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 159 days on market compared to 101 days last year.

How much can I save on real estate commission in ELLERBE, NC?

With SELL123.com's maximum 3% commission, sellers in ELLERBE, NC 28338 save an estimated $5,698 compared to a typical 5% commission on the median listing price of $284,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.