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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadway is a neutral's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Broadway was a Seller's Market.

Key Takeaway

Broadway is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Broadway, NC

How much do homes in Broadway, NC cost?

Median Sold Price

$294,900

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$12,000(+4.2%)

Key Takeaway

Homes in Broadway have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Broadway was $294,900 in January 2024, up 4.2% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 $200K$225K
+12.5%
3 $277.5K$285K
+2.7%
4 $322.4K$357.5K
+10.9%
5+ $402.5K$412.5K
+2.5%

Summary: Broadway housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Cities

Upper Little River Township
+6.2%
Broadway
+4.2%
Broadway
+3.5%

Housing Supply in Broadway, NC

How many homes are available in Broadway, NC?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2731+14.8%

Summary: The Broadway real estate market had 31 homes for sale in January 2024, a 14.8% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1720
+17.6%
4 45
+25.0%
5+ 22
0.0%

Summary: The Broadway housing inventory by bedroom type for January 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 17.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadway, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Broadway in January 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.

Days on Market for Broadway, NC

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

Average Sale Time

Jan 2023Jan 2024CHANGE
58 Days77 Days+33.1%

Summary: Homes in Broadway had an average of 77 days on market in Jan 2024, up by 33.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Broadway has remained consistent over time.

Summary: During January 2024, 5 homes were sold in Broadway; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 25 Days Ago

Newest Listings in Broadway, NC

Nearby Markets to Broadway, NC

What housing markets are near Broadway, NC?