Is Porters Neck, 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, Porters Neck has remained a Seller's Market.
Housing Prices in Porters Neck, NC
How much do homes in Porters Neck, NC cost?
Median Sold Price
$684,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Porters Neck was $684,000 in March 2024, up 11.2% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $456.7K | $552.5K | +21.0% |
3 Bedrooms | $560K | $605K | +8.0% |
4 Bedrooms | $765K | $750K | -2.0% |
5+ Bedrooms | $615K | $750K | +22.0% |
Summary: Porters Neck housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 22%.
Housing Supply in Porters Neck, NC
How many homes are available in Porters Neck, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 51 | 0.0% |
Summary: The Porters Neck real estate market had 51 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 | 2 | 2 | 0.0% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Porters Neck 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Porters Neck in March 2024, down by 15.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Porters Neck, NC
How long does it take to sell a home in Porters Neck, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 55 Days | +33.4% |
Summary: Homes in Porters Neck had an average of 55 days on market in Mar 2024, up by 33.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Porters Neck; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.