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 May 2023

At the same time last year, Broadbay Township was a Buyer'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

$270,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$4,950(-1.8%)

Key Takeaway

Homes in Broadbay Township have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Broadbay Township was $270,000 in May 2024, down 1.8% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $209.5K$228.4K
+9.0%
3 $274.9K$256.6K
-6.7%
4 $310K$320K
+3.2%
5+ $349.9K$400K
+14.3%

Summary: Broadbay Township 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 9%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 14.3%.

Median Sold Price Compared To Nearby Cities

Wallburg
+6.9%
Midway
+5.2%
Abbotts Creek Township
+2.9%
Winston Township
+2.1%
Broadbay Township
-1.8%

Housing Supply in Broadbay Township, NC

How many homes are available in Broadbay Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
87-12.5%

Summary: The Broadbay Township real estate market had 7 homes for sale in May 2024, a 12.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 64
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Broadbay 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 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadbay Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Broadbay Township in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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

May 2023May 2024CHANGE
7 Days1 Days-78.6%

Summary: Homes in Broadbay Township had an average of 1 days on market in May 2024, down by 78.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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 May 2024, 2 homes were sold in Broadbay Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Broadbay Township, NC

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