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 June 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

$375,654

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$5,161(+1.4%)

Key Takeaway

Homes in Shallotte Township have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Shallotte Township was $375,654 in June 2024, up 1.4% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $139.9K$134K
-4.2%
2 $252K$274K
+8.8%
3 $355K$360K
+1.4%
4 $565.8K$576.1K
+1.8%
5+ $1.1M$1.1M
+0.9%

Summary: Shallotte Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Cities

Sunset Beach
+4.1%
Shallotte
+3.7%
Ocean Isle Beach
+1.5%
Shallotte Township
+1.4%

Housing Supply in Shallotte Township, NC

How many homes are available in Shallotte Township, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
870847-2.6%

Summary: The Shallotte Township real estate market had 847 homes for sale in June 2024, a 2.6% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 75
-28.6%
2 115111
-3.5%
3 521496
-4.8%
4 166178
+7.2%
5+ 6157
-6.6%

Summary: The Shallotte Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 6.6%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1621620.0%

Asking Price vs. Sold Price

106 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

16 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. 65.4% of homes here sold below asking price last month.

Summary: A total of 162 homes were sold or pending in Shallotte Township in June 2024, the same as the previous month. Of the 162 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% 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

Jun 2023Jun 2024CHANGE
55 Days76 Days+38.0%

Summary: Homes in Shallotte Township had an average of 76 days on market in Jun 2024, up by 38% compared to last year.

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

53 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 June 2024, 162 homes were sold in Shallotte Township; 40% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 33% 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 26 Days Ago

Newest Listings in Shallotte Township, NC

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