Is Sneads Ferry, 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, Sneads Ferry was a Seller's Market.
Key Takeaway
Sneads Ferry 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 Sneads Ferry, NC
How much do homes in Sneads Ferry, NC cost?
Median Sold Price
$387,163
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sneads Ferry have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Sneads Ferry was $387,163 in March 2024, up 7.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.2K | $206.2K | +10.1% |
| 2 Bedrooms | $345.5K | $350K | +1.3% |
| 3 Bedrooms | $332.2K | $355.5K | +7.0% |
| 4 Bedrooms | $407.1K | $420K | +3.2% |
| 5+ Bedrooms | $827K | $755K | -8.7% |
Summary: Sneads Ferry housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
| North Topsail Beach | $450K | $505K | +12.2% |
| Hubert | $230.7K | $252K | +9.2% |
| Sneads Ferry | $359.2K | $387.1K | +7.8% |
| Stump Sound Township | $341.3K | $364.5K | +6.8% |
Housing Supply in Sneads Ferry, NC
How many homes are available in Sneads Ferry, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 268 | 293 | +9.3% |
Summary: The Sneads Ferry real estate market had 293 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 23 | +4.5% |
| 2 Bedrooms | 36 | 44 | +22.2% |
| 3 Bedrooms | 114 | 120 | +5.3% |
| 4 Bedrooms | 65 | 71 | +9.2% |
| 5+ Bedrooms | 31 | 35 | +12.9% |
Summary: The Sneads Ferry housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 12.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 47 | +42.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sneads Ferry, you may be able to get a good deal. 59.6% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Sneads Ferry in March 2024, up by 42.4% month-over-month. Of the 47 sold homes, 60% were sold under asking, 26% were sold at asking, and 15% were sold over asking.
Days on Market for Sneads Ferry, NC
How long does it take to sell a home in Sneads Ferry, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 82 Days | +20.9% |
Summary: Homes in Sneads Ferry had an average of 82 days on market in Mar 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sneads Ferry are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 47 homes were sold in Sneads Ferry; 47% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
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