Is Scotland Neck, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scotland Neck is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Scotland Neck has remained a Seller's Market.

Key Takeaway

Scotland Neck is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Scotland Neck, NC

How much do homes in Scotland Neck, NC cost?

Median Sold Price

$126,500

$70/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$27,500(-17.9%)

Key Takeaway

Homes in Scotland Neck have sold for 17.9% less than they did a year ago.

Summary: The median home sold price in Scotland Neck was $126,500 in May 2024, down 17.9% from last year, and the median price per square foot was $70.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $96K$37.5K
-60.9%
3 $154.5K$166K
+7.4%
4 $127.5K$180.7K
+41.8%
5+ $335K$315K
-6.0%

Summary: Scotland Neck housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 60.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 41.8%, and 5+ bedroom homes decreased by 6%.

Median Sold Price Compared To Nearby Cities

Scotland Neck
-17.9%
Scotland Neck Township
-17.9%

Housing Supply in Scotland Neck, NC

How many homes are available in Scotland Neck, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1112+9.1%

Summary: The Scotland Neck real estate market had 12 homes for sale in May 2024, a 9.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 45
+25.0%
4 33
0.0%
5+ 21
-50.0%

Summary: The Scotland Neck housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scotland Neck, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Scotland Neck in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Scotland Neck, NC

How long does it take to sell a home in Scotland Neck, NC?

Average Sale Time

May 2023May 2024CHANGE
118 Days108 Days-8.5%

Summary: Homes in Scotland Neck had an average of 108 days on market in May 2024, down by 8.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Scotland Neck are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 3 homes were sold in Scotland Neck; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 22 Days Ago

Newest Listings in Scotland Neck, NC

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