Is Southport, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Southport was a Neutral Market.
Housing Prices in Southport, NC
How much do homes in Southport, NC cost?
Median Sold Price
$410,282
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Southport was $410,282 in February 2024, down 12% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $280K | +7.7% |
2 Bedrooms | $311.7K | $295K | -5.4% |
3 Bedrooms | $456.6K | $394.9K | -13.5% |
4 Bedrooms | $620K | $745K | +20.2% |
5+ Bedrooms | $700K | $1.2M | +71.4% |
Summary: Southport housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 71.4%.
Median Sold Price Compared To Nearby Cities
Smithville Township | $512.1K | $530.5K | +3.6% |
Southport | $466.4K | $410.2K | -12.0% |
Housing Supply in Southport, NC
How many homes are available in Southport, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
253 | 287 | +13.4% |
Summary: The Southport real estate market had 287 homes for sale in February 2024, a 13.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 9 | +125.0% |
2 Bedrooms | 30 | 31 | +3.3% |
3 Bedrooms | 164 | 188 | +14.6% |
4 Bedrooms | 48 | 49 | +2.1% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Southport housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
33 | 38 | +15.2% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Southport in February 2024, up by 15.2% month-over-month. Of the 38 sold homes, 74% were sold under asking, 21% were sold at asking, and 5% were sold over asking.
Days on Market for Southport, NC
How long does it take to sell a home in Southport, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
61 Days | 56 Days | -9.0% |
Summary: Homes in Southport had an average of 56 days on market in Feb 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 38 homes were sold in Southport; 47% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.