Is Broadway, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Broadway was a Seller's Market.
Key Takeaway
Broadway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Broadway, NC
How much do homes in Broadway, NC cost?
Median Sold Price
$294,900
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Broadway have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Broadway was $294,900 in March 2024, up 3.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $237.4K | +18.7% |
| 3 Bedrooms | $281.7K | $287K | +1.9% |
| 4 Bedrooms | $312.4K | $400.7K | +28.3% |
| 5+ Bedrooms | $350K | $412.5K | +17.9% |
Summary: Broadway 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 18.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Cities
| Upper Little River Township | $308.9K | $325K | +5.2% |
| Broadway | $283.9K | $294.9K | +3.9% |
| Broadway | $285K | $294.9K | +3.5% |
Housing Supply in Broadway, NC
How many homes are available in Broadway, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Broadway real estate market had 32 homes for sale in March 2024, a 10.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Broadway 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 remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadway, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Broadway in March 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 98 Days | +77.0% |
Summary: Homes in Broadway had an average of 98 days on market in Mar 2024, up by 77% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Broadway has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Broadway; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.