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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cape Fear Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Cape Fear Township, NC

How much do homes in Cape Fear Township, NC cost?

Median Sold Price

$366,490

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$26,574(+7.8%)

Key Takeaway

Homes in Cape Fear Township have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Cape Fear Township was $366,490 in February 2024, up 7.8% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $172.5K$215K
+24.6%
2 $240K$243.7K
+1.6%
3 $329.9K$349.9K
+6.0%
4 $370K$404.1K
+9.2%
5+ $417.2K$412.4K
-1.1%

Summary: Cape Fear Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Cities

Harnett Township
+14.1%
Cape Fear Township
+7.8%
Wilmington
+5.6%
Wilmington Township
+5.6%

Housing Supply in Cape Fear Township, NC

How many homes are available in Cape Fear Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
118117-0.8%

Summary: The Cape Fear Township real estate market had 117 homes for sale in February 2024, a 0.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 6161
0.0%
4 4137
-9.8%
5+ 1414
0.0%

Summary: The Cape Fear Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1927+42.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cape Fear Township, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Cape Fear Township in February 2024, up by 42.1% month-over-month. Of the 27 sold homes, 48% were sold under asking, 41% were sold at asking, and 11% were sold over asking.

Days on Market for Cape Fear Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
41 Days74 Days+80.1%

Summary: Homes in Cape Fear Township had an average of 74 days on market in Feb 2024, up by 80.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 27 homes were sold in Cape Fear Township; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% 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 27 Days Ago

Newest Listings in Cape Fear Township, NC

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