$6,234 Closing Credit*
$525,000
1,875 SqFt
3 Beds
•2 Full Baths, 1 Partial
#100472679, Listing Office: Doyle Evans Realty, Inc.
Is Cedar Point, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cedar Point was a Seller's Market.
Key Takeaway
Cedar Point is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cedar Point, NC
How much do homes in Cedar Point, NC cost?
Median Sold Price
$462,950
$202/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$73,310(-13.7%)
Key Takeaway
Homes in Cedar Point have sold for 13.7% less than they did a month ago.
Summary: The median home sold price in Cedar Point was $462,950 in September 2024, down 13.7% from last month, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $326K | +1.9% |
| 3 Bedrooms | $575.5K | $200K | -65.2% |
| 4 Bedrooms | $629K | $612.4K | -2.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cedar Point housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 65.2%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes did not change.
Housing Supply in Cedar Point, NC
How many homes are available in Cedar Point, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 33 | 25 | -24.2% |
Summary: The Cedar Point real estate market had 25 homes for sale in September 2024, a 24.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedar Point 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 decreased by 33.3%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Point, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cedar Point in September 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Point, NC
How long does it take to sell a home in Cedar Point, NC?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 127 Days | +422.6% |
Summary: Homes in Cedar Point had an average of 127 days on market in Sep 2024, up by 422.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cedar Point are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 4 homes were sold in Cedar Point; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
