Is Sunset Beach, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunset Beach is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Sunset Beach has remained a Seller's Market.

Key Takeaway

Sunset Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sunset Beach, NC

How much do homes in Sunset Beach, NC cost?

Median Sold Price

$450,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,000(+4.7%)

Key Takeaway

Homes in Sunset Beach have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Sunset Beach was $450,000 in May 2024, up 4.7% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $127.5K$140K
+9.8%
2 $260K$272.5K
+4.8%
3 $380K$405K
+6.6%
4 $562.1K$632K
+12.4%
5+ $949.9K$652.5K
-31.3%

Summary: Sunset Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 31.3%.

Median Sold Price Compared To Nearby Cities

Sunset Beach
+4.7%
Shallotte Township
+2.6%

Housing Supply in Sunset Beach, NC

How many homes are available in Sunset Beach, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
154161+4.5%

Summary: The Sunset Beach real estate market had 161 homes for sale in May 2024, a 4.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2528
+12.0%
3 8982
-7.9%
4 2935
+20.7%
5+ 1116
+45.5%

Summary: The Sunset Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 45.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2837+32.1%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunset Beach, you may be able to get a good deal. 70.3% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Sunset Beach in May 2024, up by 32.1% month-over-month. Of the 37 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.

Days on Market for Sunset Beach, NC

How long does it take to sell a home in Sunset Beach, NC?

Average Sale Time

May 2023May 2024CHANGE
51 Days53 Days+3.2%

Summary: Homes in Sunset Beach had an average of 53 days on market in May 2024, up by 3.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sunset Beach are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 37 homes were sold in Sunset Beach; 46% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% 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 18 Days Ago

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