Is Minnesott Beach, 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, Minnesott Beach was a Neutral Market.
Key Takeaway
Minnesott Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Minnesott Beach, NC
How much do homes in Minnesott Beach, NC cost?
Median Sold Price
$464,900
$230/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Minnesott Beach have sold for 21.2% more than they did a month ago.
Summary: The median home sold price in Minnesott Beach was $464,900 in March 2024, up 21.2% from last month, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $383.5K | $199K | -48.1% |
| 3 Bedrooms | $496K | $507.4K | +2.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Minnesott Beach housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Minnesott Beach, NC
How many homes are available in Minnesott Beach, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Minnesott Beach real estate market had 21 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Minnesott Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Minnesott Beach, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Minnesott Beach in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Minnesott Beach, NC
How long does it take to sell a home in Minnesott Beach, NC?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 137 Days | 100 Days | -26.9% |
Summary: Homes in Minnesott Beach had an average of 100 days on market in Mar 2024, down by 26.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Minnesott Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Minnesott Beach; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.
