Is Cape Fear Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Cape Fear Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.5K | $215K | +24.6% |
2 Bedrooms | $240K | $243.7K | +1.6% |
3 Bedrooms | $329.9K | $349.9K | +6.0% |
4 Bedrooms | $370K | $404.1K | +9.2% |
5+ Bedrooms | $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 | $398.6K | $454.7K | +14.1% |
Cape Fear Township | $339.9K | $366.4K | +7.8% |
Wilmington | $388.1K | $409.9K | +5.6% |
Wilmington Township | $388.1K | $409.7K | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
118 | 117 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 61 | 61 | 0.0% |
4 Bedrooms | 41 | 37 | -9.8% |
5+ Bedrooms | 14 | 14 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 27 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 74 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
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.