Is Boiling Spring Lakes, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Boiling Spring Lakes has remained a Seller's Market.
Key Takeaway
Boiling Spring Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boiling Spring Lakes, NC
How much do homes in Boiling Spring Lakes, NC cost?
Median Sold Price
$314,900
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Boiling Spring Lakes have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Boiling Spring Lakes was $314,900 in March 2024, up 5.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $214.5K | $245K | +14.2% |
| 3 Bedrooms | $304.5K | $321.2K | +5.5% |
| 4 Bedrooms | $286.4K | $324.9K | +13.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Boiling Spring Lakes housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Oak Island | $533.1K | $580.5K | +8.9% |
| Smithville Township | $514.8K | $545.5K | +6.0% |
| Boiling Spring Lakes | $299K | $314.9K | +5.3% |
| Town Creek Township | $359.9K | $375.6K | +4.4% |
| Winnabow | $359.2K | $349.5K | -2.7% |
Housing Supply in Boiling Spring Lakes, NC
How many homes are available in Boiling Spring Lakes, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 79 | +9.7% |
Summary: The Boiling Spring Lakes real estate market had 79 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 60 | 65 | +8.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Boiling Spring Lakes housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boiling Spring Lakes, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Boiling Spring Lakes in March 2024, up by 69.2% month-over-month. Of the 22 sold homes, 55% were sold under asking, 45% were sold at asking, and 0% were sold over asking.
Days on Market for Boiling Spring Lakes, NC
How long does it take to sell a home in Boiling Spring Lakes, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 35 Days | -28.0% |
Summary: Homes in Boiling Spring Lakes had an average of 35 days on market in Mar 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boiling Spring Lakes are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Boiling Spring Lakes; 77% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
