Is Burgaw Township, 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, Burgaw Township has remained a Seller's Market.
Housing Prices in Burgaw Township, NC
How much do homes in Burgaw Township, NC cost?
Median Sold Price
$290,691
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Burgaw Township was $290,691 in March 2024, down 3.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $251.5K | $212.5K | -15.5% |
3 Bedrooms | $314.9K | $292K | -7.2% |
4 Bedrooms | $365K | $321.5K | -11.9% |
5+ Bedrooms | $460K | $258K | -43.9% |
Summary: Burgaw Township 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 decreased by 15.5%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes decreased by 43.9%.
Median Sold Price Compared To Nearby Cities
Rocky Point | $365.2K | $418.8K | +14.7% |
Burgaw Township | $301K | $290.6K | -3.4% |
Burgaw | $299.9K | $289.3K | -3.5% |
Housing Supply in Burgaw Township, NC
How many homes are available in Burgaw Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Summary: The Burgaw Township real estate market had 34 homes for sale in March 2024, a 13.3% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burgaw Township 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 increased by 28.6%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Burgaw Township in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 67% were sold at asking, and 22% were sold over asking.
Days on Market for Burgaw Township, NC
How long does it take to sell a home in Burgaw Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 74 Days | +174.6% |
Summary: Homes in Burgaw Township had an average of 74 days on market in Mar 2024, up by 174.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Burgaw Township; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.