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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beaufort is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Beaufort was a Neutral Market.

Key Takeaway

Beaufort is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Beaufort, NC

How much do homes in Beaufort, NC cost?

Median Sold Price

$429,900

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$20,100(-4.5%)

Key Takeaway

Homes in Beaufort have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in Beaufort was $429,900 in February 2024, down 4.5% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$299K
N/A
2 $327.5K$291K
-11.1%
3 $443.4K$435K
-1.9%
4 $538.7K$559K
+3.8%
5+ $2.4M$612.2K
-75.2%

Summary: Beaufort housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 75.2%.

Median Sold Price Compared To Nearby Cities

Beaufort Township
-3.3%
Beaufort
-4.5%

Housing Supply in Beaufort, NC

How many homes are available in Beaufort, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
97101+4.1%

Summary: The Beaufort real estate market had 101 homes for sale in February 2024, a 4.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 911
+22.2%
3 6565
0.0%
4 2123
+9.5%
5+ 22
0.0%

Summary: The Beaufort housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
814+75.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beaufort, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Beaufort in February 2024, up by 75.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for Beaufort, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days52 Days+10.2%

Summary: Homes in Beaufort had an average of 52 days on market in Feb 2024, up by 10.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 14 homes were sold in Beaufort; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 27 Days Ago

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