Is Lake Waccamaw, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Waccamaw is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Lake Waccamaw was a Seller's Market.

Key Takeaway

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

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

-$88,000(-21.6%)

Key Takeaway

Homes in Lake Waccamaw have sold for 21.6% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $235K-
N/A
2 $184K$269.9K
+46.7%
3 $262.5K$315K
+20.0%
4 $525K$588.7K
+12.1%
5+ $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
+3.5%
Bogue Township
-15.6%
Lake Waccamaw
-21.6%

Housing Supply in Lake Waccamaw, NC

How many homes are available in Lake Waccamaw, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
990.0%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 64
-33.3%
4 33
0.0%
5+ 00
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 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Waccamaw, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

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 2023Feb 2024CHANGE
72 Days4 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Waccamaw are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Lake Waccamaw, NC

Nearby Markets to Lake Waccamaw, NC