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 neutral's market

Buyer's
Market

Difference Since September 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

$374,959

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$390(+0.1%)

Key Takeaway

The sold price of homes in Shallotte Township has remained the same since last year.

Summary: The median home sold price in Shallotte Township was $374,959 in September 2024, up 0.1% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $139.9K$160K
+14.4%
2 $262.2K$280K
+6.8%
3 $359.2K$362.1K
+0.8%
4 $552.9K$578.5K
+4.6%
5+ $1.0M$1.1M
+8.1%

Summary: Shallotte Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Cities

Ocean Isle Beach
+11.7%
Shallotte Township
0.1%
Shallotte
-2.7%
Sunset Beach
-11.0%

Housing Supply in Shallotte Township, NC

How many homes are available in Shallotte Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
823821-0.2%

Summary: The Shallotte Township real estate market had 821 homes for sale in September 2024, a 0.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 98
-11.1%
2 110105
-4.5%
3 472479
+1.5%
4 173176
+1.7%
5+ 5953
-10.2%

Summary: The Shallotte Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 10.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
155128-17.4%

Asking Price vs. Sold Price

81 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

5 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. 63.3% of homes here sold below asking price last month.

Summary: A total of 128 homes were sold or pending in Shallotte Township in September 2024, down by 17.4% month-over-month. Of the 128 sold homes, 63% were sold under asking, 33% were sold at asking, and 4% 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

Sep 2023Sep 2024CHANGE
51 Days81 Days+58.8%

Summary: Homes in Shallotte Township had an average of 81 days on market in Sep 2024, up by 58.8% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

46 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 September 2024, 128 homes were sold in Shallotte Township; 38% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 36% 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 30 Days Ago

Newest Listings in Shallotte Township, NC

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What housing markets are near Shallotte Township, NC?