Is Calabash, 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, Calabash was a Seller's Market.
Key Takeaway
Calabash is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Calabash, NC
How much do homes in Calabash, NC cost?
Median Sold Price
$350,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Calabash has remained the same since last year.
Summary: The median home sold price in Calabash was $350,000 in March 2024, up 0.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.9K | $139.9K | +41.5% |
| 2 Bedrooms | $239K | $242.1K | +1.3% |
| 3 Bedrooms | $350K | $353.9K | +1.1% |
| 4 Bedrooms | $485K | $524K | +8.1% |
| 5+ Bedrooms | $438.7K | $435K | -0.9% |
Summary: Calabash housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.5%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Shallotte Township | $366.1K | $382.5K | +4.5% |
| Calabash | $349.4K | $350K | 0.2% |
| Carolina Shores | $323.4K | $315.9K | -2.3% |
Housing Supply in Calabash, NC
How many homes are available in Calabash, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 245 | 268 | +9.4% |
Summary: The Calabash real estate market had 268 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 47 | 51 | +8.5% |
| 3 Bedrooms | 132 | 156 | +18.2% |
| 4 Bedrooms | 49 | 45 | -8.2% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Calabash housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Calabash, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Calabash in March 2024, up by 21.4% month-over-month. Of the 34 sold homes, 56% were sold under asking, 29% were sold at asking, and 15% were sold over asking.
Days on Market for Calabash, NC
How long does it take to sell a home in Calabash, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 83 Days | 102 Days | +22.5% |
Summary: Homes in Calabash had an average of 102 days on market in Mar 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Calabash are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 34 homes were sold in Calabash; 32% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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