Is Shallotte Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shallotte Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Shallotte Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Shallotte Township, NC

How much do homes in Shallotte Township, NC cost?

Median Sold Price

$379,575

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,732(+2.6%)

Key Takeaway

Homes in Shallotte Township have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Shallotte Township was $379,575 in May 2024, up 2.6% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $130K$140K
+7.7%
2 $253.5K$269K
+6.1%
3 $352.9K$361.6K
+2.5%
4 $553.1K$590K
+6.7%
5+ $1.2M$1.1M
-7.7%

Summary: Shallotte Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 7.7%.

Median Sold Price Compared To Nearby Cities

Shallotte
+5.8%
Sunset Beach
+4.7%
Shallotte Township
+2.6%
Ocean Isle Beach
-4.2%

Housing Supply in Shallotte Township, NC

How many homes are available in Shallotte Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
862899+4.3%

Summary: The Shallotte Township real estate market had 899 homes for sale in May 2024, a 4.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 67
+16.7%
2 120124
+3.3%
3 509531
+4.3%
4 163175
+7.4%
5+ 6462
-3.1%

Summary: The Shallotte Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 3.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
140164+17.1%

Asking Price vs. Sold Price

106 Homes Were Sold
Under Asking

47 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shallotte Township, you may be able to get a good deal. 64.6% of homes here sold below asking price last month.

Summary: A total of 164 homes were sold or pending in Shallotte Township in May 2024, up by 17.1% month-over-month. Of the 164 sold homes, 65% were sold under asking, 29% were sold at asking, and 7% 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

May 2023May 2024CHANGE
66 Days74 Days+12.3%

Summary: Homes in Shallotte Township had an average of 74 days on market in May 2024, up by 12.3% compared to last year.

Breakdown of Home Sale Times

71 Homes Were Sold
Under 30 Days

44 Homes Were Sold
In 30 - 90 Days

49 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shallotte Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 164 homes were sold in Shallotte Township; 43% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 30% 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 18 Days Ago

Newest Listings in Shallotte Township, NC

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What housing markets are near Shallotte Township, NC?