Is Lake Waccamaw, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Lake Waccamaw was a Seller's Market.
Housing Prices in Lake Waccamaw, NC
How much do homes in Lake Waccamaw, NC cost?
Median Sold Price
$319,500
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lake Waccamaw was $319,500 in February 2024, down 21.6% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | - | N/A |
2 Bedrooms | $184K | $269.9K | +46.7% |
3 Bedrooms | $262.5K | $315K | +20.0% |
4 Bedrooms | $525K | $588.7K | +12.1% |
5+ Bedrooms | $595K | - | N/A |
Summary: Lake Waccamaw housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Waccamaw Township | $275K | $284.7K | +3.5% |
Bogue Township | $251K | $211.8K | -15.6% |
Lake Waccamaw | $407.5K | $319.5K | -21.6% |
Housing Supply in Lake Waccamaw, NC
How many homes are available in Lake Waccamaw, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Summary: The Lake Waccamaw real estate market had 9 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Waccamaw 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Lake Waccamaw in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Waccamaw, NC
How long does it take to sell a home in Lake Waccamaw, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
72 Days | 4 Days | -94.5% |
Summary: Homes in Lake Waccamaw had an average of 4 days on market in Feb 2024, down by 94.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in Lake Waccamaw; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.