Is Belhaven, 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, Belhaven has remained a Seller's Market.
Key Takeaway
Belhaven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belhaven, NC
How much do homes in Belhaven, NC cost?
Median Sold Price
$307,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Belhaven have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Belhaven was $307,000 in May 2024, up 1.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $318.5K | $319K | 0.2% |
| 3 Bedrooms | $280K | $302.4K | +8.0% |
| 4 Bedrooms | $415K | $310K | -25.3% |
| 5+ Bedrooms | $507K | - | N/A |
Summary: Belhaven 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 0.2%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pantego Township | $247.3K | $277K | +12.0% |
| Belhaven | $302.5K | $307K | +1.5% |
| Belhaven | $318.5K | $309K | -3.0% |
Housing Supply in Belhaven, NC
How many homes are available in Belhaven, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Summary: The Belhaven real estate market had 32 homes for sale in May 2024, a 18.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Belhaven 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 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belhaven, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Belhaven in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Belhaven, NC
How long does it take to sell a home in Belhaven, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 31 Days | -23.8% |
Summary: Homes in Belhaven had an average of 31 days on market in May 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
5 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 Belhaven are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Belhaven; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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