Is Federal Point Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Federal Point Township has remained a Seller's Market.
Housing Prices in Federal Point Township, NC
How much do homes in Federal Point Township, NC cost?
Median Sold Price
$537,495
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Federal Point Township was $537,495 in March 2024, up 7.5% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337.7K | $371.2K | +9.9% |
2 Bedrooms | $422.5K | $475.5K | +12.5% |
3 Bedrooms | $475K | $496.8K | +4.6% |
4 Bedrooms | $591.3K | $679.9K | +15.0% |
5+ Bedrooms | $783.7K | $867.5K | +10.7% |
Summary: Federal Point Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
Kure Beach | $639.5K | $749K | +17.1% |
Masonboro Township | $369.5K | $412K | +11.5% |
Federal Point Township | $499.8K | $537.4K | +7.5% |
Carolina Beach | $579K | $610K | +5.4% |
Winnabow | $359.2K | $349.5K | -2.7% |
Housing Supply in Federal Point Township, NC
How many homes are available in Federal Point Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
290 | 320 | +10.3% |
Summary: The Federal Point Township real estate market had 320 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 18 | -10.0% |
2 Bedrooms | 37 | 52 | +40.5% |
3 Bedrooms | 114 | 120 | +5.3% |
4 Bedrooms | 79 | 90 | +13.9% |
5+ Bedrooms | 40 | 40 | 0.0% |
Summary: The Federal Point Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 40.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 59 | +1.7% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in Federal Point Township in March 2024, up by 1.7% month-over-month. Of the 59 sold homes, 68% were sold under asking, 25% were sold at asking, and 7% were sold over asking.
Days on Market for Federal Point Township, NC
How long does it take to sell a home in Federal Point Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 71 Days | +51.1% |
Summary: Homes in Federal Point Township had an average of 71 days on market in Mar 2024, up by 51.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 59 homes were sold in Federal Point Township; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.