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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calabash is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Calabash 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 Calabash, NC

How much do homes in Calabash, NC cost?

Median Sold Price

$349,824

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$1,317(-0.4%)

Key Takeaway

The sold price of homes in Calabash has remained the same since last year.

Summary: The median home sold price in Calabash was $349,824 in May 2024, down 0.4% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $99.4K$130K
+30.8%
2 $240K$246.2K
+2.6%
3 $356.5K$350K
-1.8%
4 $510K$499.9K
-2.0%
5+ $434.4K$441.5K
+1.6%

Summary: Calabash housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Cities

Shallotte Township
+2.6%
Calabash
-0.4%
Carolina Shores
-2.6%

Housing Supply in Calabash, NC

How many homes are available in Calabash, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
312327+4.8%

Summary: The Calabash real estate market had 327 homes for sale in May 2024, a 4.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 55
0.0%
2 6160
-1.6%
3 177194
+9.6%
4 5558
+5.5%
5+ 1410
-28.6%

Summary: The Calabash 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 1.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5054+8.0%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calabash, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in Calabash in May 2024, up by 8.0% month-over-month. Of the 54 sold homes, 70% were sold under asking, 26% were sold at asking, and 4% were sold over asking.

Days on Market for Calabash, NC

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

Average Sale Time

May 2023May 2024CHANGE
85 Days75 Days-11.4%

Summary: Homes in Calabash had an average of 75 days on market in May 2024, down by 11.4% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Calabash are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 54 homes were sold in Calabash; 43% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 35% 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 1 Day Ago

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