Is Boiling Spring Lakes, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Boiling Spring Lakes was a Seller's Market.
Key Takeaway
Boiling Spring Lakes 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 Boiling Spring Lakes, NC
How much do homes in Boiling Spring Lakes, NC cost?
Median Sold Price
$311,900
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Boiling Spring Lakes have sold for 4% more than they did a year ago.
Summary: The median home sold price in Boiling Spring Lakes was $311,900 in April 2024, up 4% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217.5K | $245K | +12.6% |
| 3 Bedrooms | $304.5K | $320K | +5.1% |
| 4 Bedrooms | $305K | $323.9K | +6.2% |
| 5+ Bedrooms | - | $590K | N/A |
Summary: Boiling Spring Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Oak Island | $533.5K | $590K | +10.6% |
| Smithville Township | $515K | $562.8K | +9.3% |
| Town Creek Township | $359.9K | $379.9K | +5.6% |
| Boiling Spring Lakes | $300K | $311.9K | +4.0% |
| Winnabow | $360K | $347.5K | -3.4% |
Housing Supply in Boiling Spring Lakes, NC
How many homes are available in Boiling Spring Lakes, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 66 | -16.5% |
Summary: The Boiling Spring Lakes real estate market had 66 homes for sale in April 2024, a 16.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 65 | 57 | -12.3% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Boiling Spring Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 10 | -58.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boiling Spring Lakes, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Boiling Spring Lakes in April 2024, down by 58.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Boiling Spring Lakes, NC
How long does it take to sell a home in Boiling Spring Lakes, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 58 Days | +68.9% |
Summary: Homes in Boiling Spring Lakes had an average of 58 days on market in Apr 2024, up by 68.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boiling Spring Lakes are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Boiling Spring Lakes; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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