Is Carolina Beach, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carolina Beach is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Carolina Beach was a Neutral Market.

Key Takeaway

Carolina Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Carolina Beach, NC

How much do homes in Carolina Beach, NC cost?

Median Sold Price

$595,333

$449/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,891(+4.4%)

Key Takeaway

Homes in Carolina Beach have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Carolina Beach was $595,333 in February 2024, up 4.4% from last year, and the median price per square foot was $449.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $335K$375K
+11.9%
2 $440K$480K
+9.1%
3 $600K$667K
+11.2%
4 $820K$803.5K
-2.0%
5+ $1.0M$1.1M
+15.0%

Summary: Carolina Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Cities

Kure Beach
+11.3%
Federal Point Township
+5.1%
Carolina Beach
+4.4%

Housing Supply in Carolina Beach, NC

How many homes are available in Carolina Beach, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
164177+7.9%

Summary: The Carolina Beach real estate market had 177 homes for sale in February 2024, a 7.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2223
+4.5%
2 3237
+15.6%
3 5861
+5.2%
4 3236
+12.5%
5+ 2020
0.0%

Summary: The Carolina Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2024+20.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carolina Beach, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Carolina Beach in February 2024, up by 20.0% month-over-month. Of the 24 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Carolina Beach, NC

How long does it take to sell a home in Carolina Beach, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
45 Days62 Days+36.3%

Summary: Homes in Carolina Beach had an average of 62 days on market in Feb 2024, up by 36.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Carolina Beach has remained consistent over time.

Summary: During February 2024, 24 homes were sold in Carolina Beach; 33% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 21% 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 4 Days Ago

Newest Listings in Carolina Beach, NC

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