Is Burgaw Township, 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 Township has remained a Seller's Market.
Key Takeaway
Burgaw Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burgaw Township, NC
How much do homes in Burgaw Township, 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 Township have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Burgaw Township was $293,400 in April 2024, down 2.5% 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 | $258K | $202.5K | -21.5% |
| 3 Bedrooms | $314.9K | $307.5K | -2.4% |
| 4 Bedrooms | $347.5K | $313K | -9.9% |
| 5+ Bedrooms | $460K | $258K | -43.9% |
Summary: Burgaw Township 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 21.5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 43.9%.
Median Sold Price Compared To Nearby Cities
| Rocky Point | $367.2K | $417K | +13.5% |
| Burgaw | $299.9K | $293.4K | -2.2% |
| Burgaw Township | $301K | $293.4K | -2.5% |
Housing Supply in Burgaw Township, NC
How many homes are available in Burgaw Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The Burgaw Township real estate market had 39 homes for sale in April 2024, a 8.3% 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 | 27 | 26 | -3.7% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burgaw Township 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 3.7%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 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 Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Burgaw Township in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Burgaw Township, NC
How long does it take to sell a home in Burgaw Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 9 Days | -39.7% |
Summary: Homes in Burgaw Township had an average of 9 days on market in Apr 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
8 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Burgaw Township; 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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