Is Cedar Point, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cedar Point has remained a Seller's Market.
Key Takeaway
Cedar Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Point, NC
How much do homes in Cedar Point, NC cost?
Median Sold Price
$565,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cedar Point have sold for 27% more than they did a year ago.
Summary: The median home sold price in Cedar Point was $565,000 in May 2024, up 27% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $260K | N/A |
| 2 Bedrooms | $271.5K | $291K | +7.2% |
| 3 Bedrooms | $480K | $453.1K | -5.6% |
| 4 Bedrooms | $555K | $617.5K | +11.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cedar Point 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 increased by 7.2%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cedar Point | $445K | $565K | +27.0% |
| White Oak Township | $477.1K | $601K | +26.0% |
| Swansboro | $346.5K | $400.7K | +15.6% |
| Cape Carteret | $395K | $438K | +10.9% |
Housing Supply in Cedar Point, NC
How many homes are available in Cedar Point, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Cedar Point real estate market had 27 homes for sale in May 2024, a 8.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedar Point 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 increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Point, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Cedar Point in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Cedar Point, NC
How long does it take to sell a home in Cedar Point, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 23 Days | +138.6% |
Summary: Homes in Cedar Point had an average of 23 days on market in May 2024, up by 138.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Point are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Cedar Point; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
