Is Intracoastal Waterway, 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, Intracoastal Waterway has remained a Seller's Market.
Key Takeaway
Intracoastal Waterway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Intracoastal Waterway, NC
How much do homes in Intracoastal Waterway, NC cost?
Median Sold Price
$809,100
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Intracoastal Waterway have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Intracoastal Waterway was $809,100 in May 2024, up 7.6% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $385K | N/A |
| 2 Bedrooms | $407.5K | $579.5K | +42.2% |
| 3 Bedrooms | $636K | $653.5K | +2.8% |
| 4 Bedrooms | $850K | $915K | +7.6% |
| 5+ Bedrooms | $1.4M | $1.1M | -21.4% |
Summary: Intracoastal Waterway 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 42.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 21.4%.
Housing Supply in Intracoastal Waterway, NC
How many homes are available in Intracoastal Waterway, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 46 | +7.0% |
Summary: The Intracoastal Waterway real estate market had 46 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Intracoastal Waterway 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Intracoastal Waterway, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Intracoastal Waterway in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.
Days on Market for Intracoastal Waterway, NC
How long does it take to sell a home in Intracoastal Waterway, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 55 Days | +108.4% |
Summary: Homes in Intracoastal Waterway had an average of 55 days on market in May 2024, up by 108.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Intracoastal Waterway are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Intracoastal Waterway; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
