Is Shallotte Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Shallotte Township was a Seller's Market.
Key Takeaway
Shallotte Township 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 Shallotte Township, NC
How much do homes in Shallotte Township, NC cost?
Median Sold Price
$382,527
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Shallotte Township have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Shallotte Township was $382,527 in March 2024, up 4.5% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $151K | +18.4% |
| 2 Bedrooms | $250K | $264.9K | +6.0% |
| 3 Bedrooms | $349.9K | $367.2K | +5.0% |
| 4 Bedrooms | $534K | $600.1K | +12.4% |
| 5+ Bedrooms | $1.2M | $1.1M | -9.0% |
Summary: Shallotte Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| Ocean Isle Beach | $542.5K | $580K | +6.9% |
| Shallotte | $317.2K | $338K | +6.5% |
| Shallotte Township | $366.1K | $382.5K | +4.5% |
| Sunset Beach | $438K | $450K | +2.7% |
Housing Supply in Shallotte Township, NC
How many homes are available in Shallotte Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 630 | 715 | +13.5% |
Summary: The Shallotte Township real estate market had 715 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 90 | 98 | +8.9% |
| 3 Bedrooms | 351 | 405 | +15.4% |
| 4 Bedrooms | 130 | 147 | +13.1% |
| 5+ Bedrooms | 51 | 55 | +7.8% |
Summary: The Shallotte Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 7.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 109 | +49.3% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shallotte Township, you may be able to get a good deal. 64.2% of homes here sold below asking price last month.
Summary: A total of 109 homes were sold or pending in Shallotte Township in March 2024, up by 49.3% month-over-month. Of the 109 sold homes, 64% were sold under asking, 22% were sold at asking, and 14% were sold over asking.
Days on Market for Shallotte Township, NC
How long does it take to sell a home in Shallotte Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 78 Days | +39.2% |
Summary: Homes in Shallotte Township had an average of 78 days on market in Mar 2024, up by 39.2% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
41 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shallotte Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 109 homes were sold in Shallotte Township; 39% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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