Is North Topsail Beach, 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, North Topsail Beach has remained a Seller's Market.
Key Takeaway
North Topsail Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Topsail Beach, NC
How much do homes in North Topsail Beach, NC cost?
Median Sold Price
$505,000
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Topsail Beach have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in North Topsail Beach was $505,000 in March 2024, up 12.2% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188K | $207.5K | +10.4% |
| 2 Bedrooms | $365.5K | $375K | +2.6% |
| 3 Bedrooms | $580K | $549K | -5.3% |
| 4 Bedrooms | $787.5K | $865K | +9.8% |
| 5+ Bedrooms | $1.1M | $1.3M | +11.6% |
Summary: North Topsail Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
| North Topsail Beach | $450K | $505K | +12.2% |
| Sneads Ferry | $359.2K | $387.1K | +7.8% |
| Stump Sound Township | $341.3K | $364.5K | +6.8% |
Housing Supply in North Topsail Beach, NC
How many homes are available in North Topsail Beach, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 140 | 151 | +7.9% |
Summary: The North Topsail Beach real estate market had 151 homes for sale in March 2024, a 7.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 22 | +4.8% |
| 2 Bedrooms | 34 | 42 | +23.5% |
| 3 Bedrooms | 43 | 43 | 0.0% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The North Topsail Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 23.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 26 | +62.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Topsail Beach, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in North Topsail Beach in March 2024, up by 62.5% month-over-month. Of the 26 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for North Topsail Beach, NC
How long does it take to sell a home in North Topsail Beach, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 72 Days | 116 Days | +59.1% |
Summary: Homes in North Topsail Beach had an average of 116 days on market in Mar 2024, up by 59.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in North Topsail Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 26 homes were sold in North Topsail Beach; 35% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
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