Is Southport, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Southport has remained a Seller's Market.
Housing Prices in Southport, NC
How much do homes in Southport, NC cost?
Median Sold Price
$417,654
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Southport was $417,654 in March 2024, down 6.9% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $273.5K | +5.2% |
2 Bedrooms | $310K | $292K | -5.8% |
3 Bedrooms | $440K | $409.2K | -7.0% |
4 Bedrooms | $626.2K | $745K | +19.0% |
5+ Bedrooms | $997.5K | $1.2M | +20.3% |
Summary: Southport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Cities
Smithville Township | $514.8K | $545.5K | +6.0% |
Southport | $448.8K | $417.6K | -6.9% |
Housing Supply in Southport, NC
How many homes are available in Southport, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
286 | 329 | +15.0% |
Summary: The Southport real estate market had 329 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 31 | 43 | +38.7% |
3 Bedrooms | 190 | 209 | +10.0% |
4 Bedrooms | 47 | 55 | +17.0% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Southport housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 38.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 65 | +54.8% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Southport in March 2024, up by 54.8% month-over-month. Of the 65 sold homes, 68% were sold under asking, 25% were sold at asking, and 8% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 54 Days | +10.7% |
Summary: Homes in Southport had an average of 54 days on market in Mar 2024, up by 10.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 65 homes were sold in Southport; 57% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.