Is Burgaw, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Burgaw has remained a Seller's Market.
Key Takeaway
Burgaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burgaw, NC
How much do homes in Burgaw, NC cost?
Median Sold Price
$293,400
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Burgaw have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Burgaw was $293,400 in April 2024, down 2.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $195K | -23.5% |
| 3 Bedrooms | $306.5K | $307.7K | 0.4% |
| 4 Bedrooms | $307.5K | $313K | +1.8% |
| 5+ Bedrooms | $450K | $258K | -42.7% |
Summary: Burgaw 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 decreased by 23.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 42.7%.
Median Sold Price Compared To Nearby Cities
| Burgaw | $299.9K | $293.4K | -2.2% |
| Burgaw Township | $301K | $293.4K | -2.5% |
Housing Supply in Burgaw, NC
How many homes are available in Burgaw, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Summary: The Burgaw real estate market had 38 homes for sale in April 2024, a 8.6% increase 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burgaw 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 increased by 16.7%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Burgaw, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Burgaw in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Burgaw, NC
How long does it take to sell a home in Burgaw, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 9 Days | -35.8% |
Summary: Homes in Burgaw had an average of 9 days on market in Apr 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burgaw are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Burgaw; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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