Is Topsail Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Topsail Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Topsail Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Topsail Township, NC

How much do homes in Topsail Township, NC cost?

Median Sold Price

$505,083

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$32,153(+6.8%)

Key Takeaway

Homes in Topsail Township have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Topsail Township was $505,083 in March 2024, up 6.8% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $370K$375.5K
+1.5%
2 $291K$339K
+16.5%
3 $418.8K$429.4K
+2.5%
4 $520K$570.8K
+9.8%
5+ $579.9K$562.5K
-3.0%

Summary: Topsail Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 3%.

Median Sold Price Compared To Nearby Cities

Rocky Point
+14.7%
Surf City
+9.5%
Topsail Township
+6.8%
Topsail Beach
+4.9%

Housing Supply in Topsail Township, NC

How many homes are available in Topsail Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
319344+7.8%

Summary: The Topsail Township real estate market had 344 homes for sale in March 2024, a 7.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 1922
+15.8%
3 133134
+0.8%
4 137145
+5.8%
5+ 2840
+42.9%

Summary: The Topsail Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4859+22.9%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Topsail Township, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in Topsail Township in March 2024, up by 22.9% month-over-month. Of the 59 sold homes, 41% were sold under asking, 36% were sold at asking, and 24% were sold over asking.

Days on Market for Topsail Township, NC

How long does it take to sell a home in Topsail Township, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
49 Days46 Days-7.2%

Summary: Homes in Topsail Township had an average of 46 days on market in Mar 2024, down by 7.2% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 59 homes were sold in Topsail Township; 54% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 24% 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 23 Days Ago

Newest Listings in Topsail Township, NC

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