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 September 2021

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.

How much do homes in Shallotte Township, NC cost?

Median Sold Price

$356,796

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$67,157(+23.2%)

Key Takeaway

Homes in Shallotte Township have sold for 23.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $131.7K$105.5K
-19.9%
2 $166K$225K
+35.5%
3 $279K$336.6K
+20.7%
4 $462K$542.6K
+17.4%
5+ $879.3K$1.1M
+26.2%

Median Sold Price Compared To Nearby Cities

Sunset Beach
+37.3%
Shallotte
+23.9%
Shallotte Township
+23.2%
Ocean Isle Beach
+12.4%

How many homes are available in Shallotte Township, NC?

Number of Homes For Sale

Aug 2022Sep 2022%
468447-4.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 12
+100.0%
2 7670
-7.9%
3 256246
-3.9%
4 102100
-2.0%
5+ 3329
-12.1%

Number of Homes Sold

Aug 2022Sep 2022%
107110+2.8%

Asking Price vs. Sold Price

61 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

22 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. 55.5% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
38 Days36 Days-5.2%

Breakdown of Home Sale Times

66 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

8 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Shallotte Township, NC

Homes for sale in Shallotte Township, NC have reached 447. Between August 2022 and September 2022, Shallotte Township, NC real estate market has seen decrease in the number of listings by 4.5%. In September 2022, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $356,796. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties decreased by 19.9%, 2 bedrooms properties prices increased by 35.5%, 3 bedrooms properties prices increased by 20.7%, prices of 4 bedrooms properties went up by 17.4%, the cost of 5 bedrooms properties went up by 26.2%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 100% more available, volume of 2 bedrooms homes went down by 7.9%, 3 bedrooms homes became 3.9% less available, 4 bedrooms homes inventory decreased by 2%, 5 bedrooms homes became 12.1% less available. Over 22 listings were sold over their listed price in September 2022 in Shallotte Township, NC. In the same period over 61 listings were sold below the listed price and 27 listings were sold for the listed price.

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