Is Surf City, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Surf City is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Surf City was a Seller's Market.

Key Takeaway

Surf City 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 Surf City, NC

How much do homes in Surf City, NC cost?

Median Sold Price

$593,500

$388/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$53,500(+9.9%)

Key Takeaway

Homes in Surf City have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Surf City was $593,500 in February 2024, up 9.9% from last year, and the median price per square foot was $388.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $365K$385.2K
+5.5%
2 $355K$290K
-18.3%
3 $570K$578K
+1.4%
4 $534.9K$715K
+33.6%
5+ $990K$1.0M
+7.1%

Summary: Surf City housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 33.6%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Cities

North Topsail Beach
+10.1%
Surf City
+9.9%
Sneads Ferry
+8.4%
Topsail Township
+6.7%
Stump Sound Township
+6.3%

Housing Supply in Surf City, NC

How many homes are available in Surf City, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7786+11.7%

Summary: The Surf City real estate market had 86 homes for sale in February 2024, a 11.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 1814
-22.2%
3 2027
+35.0%
4 2127
+28.6%
5+ 1616
0.0%

Summary: The Surf City housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2013-35.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Surf City, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Surf City in February 2024, down by 35.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.

Days on Market for Surf City, NC

How long does it take to sell a home in Surf City, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
93 Days85 Days-8.6%

Summary: Homes in Surf City had an average of 85 days on market in Feb 2024, down by 8.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Surf City are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 13 homes were sold in Surf City; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% 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 28 Days Ago

Newest Listings in Surf City, NC

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