Is Broadbay Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadbay Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Broadbay Township has remained a Seller's Market.

Key Takeaway

Broadbay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Broadbay Township, NC

How much do homes in Broadbay Township, NC cost?

Median Sold Price

$265,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$20,000(-7.0%)

Key Takeaway

Homes in Broadbay Township have sold for 7% less than they did a year ago.

Summary: The median home sold price in Broadbay Township was $265,000 in February 2024, down 7% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $201K$200K
-0.5%
3 $285K$250.5K
-12.1%
4 $298K$320K
+7.4%
5+ -$385K
N/A

Summary: Broadbay Township 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 0.5%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Abbotts Creek Township
+7.6%
Winston Township
+3.9%
Midway
+3.1%
Broadbay Township
-7.0%

Housing Supply in Broadbay Township, NC

How many homes are available in Broadbay Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
913+44.4%

Summary: The Broadbay Township real estate market had 13 homes for sale in February 2024, a 44.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 711
+57.1%
4 11
0.0%
5+ 11
0.0%

Summary: The Broadbay Township 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 remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadbay Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Broadbay Township in February 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Broadbay Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
36 Days66 Days+79.6%

Summary: Homes in Broadbay Township had an average of 66 days on market in Feb 2024, up by 79.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 5 homes were sold in Broadbay Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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

Newest Listings in Broadbay Township, NC

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