Is Surf City, 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, Surf City was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $385.2K | +5.5% |
2 Bedrooms | $355K | $290K | -18.3% |
3 Bedrooms | $570K | $578K | +1.4% |
4 Bedrooms | $534.9K | $715K | +33.6% |
5+ Bedrooms | $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 | $449.4K | $495K | +10.1% |
Surf City | $540K | $593.5K | +9.9% |
Sneads Ferry | $355K | $385K | +8.4% |
Topsail Township | $468.8K | $499.9K | +6.7% |
Stump Sound Township | $339.3K | $360.6K | +6.3% |
Housing Supply in Surf City, NC
How many homes are available in Surf City, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
77 | 86 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 18 | 14 | -22.2% |
3 Bedrooms | 20 | 27 | +35.0% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 16 | 16 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 13 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
93 Days | 85 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
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.