Is Stump Sound Township, 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, Stump Sound Township has remained a Seller's Market.
Key Takeaway
Stump Sound Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stump Sound Township, NC
How much do homes in Stump Sound Township, NC cost?
Median Sold Price
$366,333
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stump Sound Township have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Stump Sound Township was $366,333 in May 2024, up 5.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196.2K | $207.5K | +5.8% |
| 2 Bedrooms | $330K | $312K | -5.5% |
| 3 Bedrooms | $315K | $335K | +6.3% |
| 4 Bedrooms | $412.3K | $419.9K | +1.8% |
| 5+ Bedrooms | $750K | $707.5K | -5.7% |
Summary: Stump Sound Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
| North Topsail Beach | $460K | $500K | +8.7% |
| Sneads Ferry | $365K | $389.3K | +6.6% |
| Stump Sound Township | $346.5K | $366.3K | +5.7% |
| Holly Ridge | $402.6K | $402.7K | 0.0% |
Housing Supply in Stump Sound Township, NC
How many homes are available in Stump Sound Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 535 | 548 | +2.4% |
Summary: The Stump Sound Township real estate market had 548 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 23 | 0.0% |
| 2 Bedrooms | 63 | 67 | +6.3% |
| 3 Bedrooms | 234 | 232 | -0.9% |
| 4 Bedrooms | 148 | 155 | +4.7% |
| 5+ Bedrooms | 67 | 71 | +6.0% |
Summary: The Stump Sound Township 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 6.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 101 | 114 | +12.9% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stump Sound Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 114 homes were sold or pending in Stump Sound Township in May 2024, up by 12.9% month-over-month. Of the 114 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for Stump Sound Township, NC
How long does it take to sell a home in Stump Sound Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 49 Days | +5.1% |
Summary: Homes in Stump Sound Township had an average of 49 days on market in May 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stump Sound Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 114 homes were sold in Stump Sound Township; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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