Is Cape Carteret, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cape Carteret is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Cape Carteret has remained a Seller's Market.

Key Takeaway

Cape Carteret is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cape Carteret, NC

How much do homes in Cape Carteret, NC cost?

Median Sold Price

$430,000

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$8,150(+1.9%)

Key Takeaway

Homes in Cape Carteret have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Cape Carteret was $430,000 in September 2024, up 1.9% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $229K$350K
+52.8%
3 $395.9K$415K
+4.8%
4 $552K$469K
-15.0%
5+ --
N/A

Summary: Cape Carteret housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

White Oak Township
+17.2%
Swansboro
+8.4%
Cape Carteret
+1.9%
Peletier
+1.3%

Housing Supply in Cape Carteret, NC

How many homes are available in Cape Carteret, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1816-11.1%

Summary: The Cape Carteret real estate market had 16 homes for sale in September 2024, a 11.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1513
-13.3%
4 32
-33.3%
5+ 00
0.0%

Summary: The Cape Carteret housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
550.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cape Carteret, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Cape Carteret in September 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cape Carteret, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
98 Days54 Days-44.5%

Summary: Homes in Cape Carteret had an average of 54 days on market in Sep 2024, down by 44.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cape Carteret has remained consistent over time.

Summary: During September 2024, 5 homes were sold in Cape Carteret; 20% of homes were sold within 30 days, 80% 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 30 Days Ago

Newest Listings in Cape Carteret, NC

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