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 neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Scotland Neck was a Seller's Market.

Key Takeaway

Scotland Neck is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Scotland Neck, NC

How much do homes in Scotland Neck, NC cost?

Median Sold Price

$307,601

$113/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$123,101(+66.7%)

Key Takeaway

Homes in Scotland Neck have sold for 66.7% more than they did a month ago.

Summary: The median home sold price in Scotland Neck was $307,601 in February 2024, up 66.7% from last month, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $184.5K$307.6K
+66.7%
4 --
N/A
5+ --
N/A

Summary: Scotland Neck housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 66.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Scotland Neck
+66.7%
Scotland Neck Township
+66.7%

Housing Supply in Scotland Neck, NC

How many homes are available in Scotland Neck, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
12120.0%

Summary: The Scotland Neck real estate market had 12 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 13
+200.0%
3 64
-33.3%
4 44
0.0%
5+ 11
0.0%

Summary: The Scotland Neck 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 200%, 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
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 Scotland Neck, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Scotland Neck in February 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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

Jan 2024Feb 2024CHANGE
27 Days13 Days-50.0%

Summary: Homes in Scotland Neck had an average of 13 days on market in Feb 2024, down by 50% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 Scotland Neck are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Scotland Neck; 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 27 Days Ago

Newest Listings in Scotland Neck, NC

Nearby Markets to Scotland Neck, NC