Is Supply, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Supply is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Supply was a Seller's Market.

Key Takeaway

Supply is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Supply, NC

How much do homes in Supply, NC cost?

Median Sold Price

$550,000

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$119,333(+27.7%)

Key Takeaway

Homes in Supply have sold for 27.7% more than they did a year ago.

Summary: The median home sold price in Supply was $550,000 in May 2024, up 27.7% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$315K
N/A
2 $371K$369.5K
-0.4%
3 $380K$412K
+8.4%
4 $745K$745K
0.0%
5+ $1.6M$1.3M
-15.6%

Summary: Supply 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 decreased by 0.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 15.6%.

Median Sold Price Compared To Nearby Cities

Supply
+27.7%
Lockwoods Folly Township
+21.0%
Shallotte
+5.8%
Holden Beach
+4.1%

Housing Supply in Supply, NC

How many homes are available in Supply, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1531530.0%

Summary: The Supply real estate market had 153 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 8487
+3.6%
4 5147
-7.8%
5+ 810
+25.0%

Summary: The Supply housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2725-7.4%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Supply, you may be able to get a good deal. 72% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Supply in May 2024, down by 7.4% month-over-month. Of the 25 sold homes, 72% were sold under asking, 16% were sold at asking, and 12% were sold over asking.

Days on Market for Supply, NC

How long does it take to sell a home in Supply, NC?

Average Sale Time

May 2023May 2024CHANGE
58 Days75 Days+30.0%

Summary: Homes in Supply had an average of 75 days on market in May 2024, up by 30% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Supply has remained consistent over time.

Summary: During May 2024, 25 homes were sold in Supply; 32% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in Supply, NC

Nearby Markets to Supply, NC

What housing markets are near Supply, NC?