Is Calabash, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calabash is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Calabash was a Seller's Market.

Key Takeaway

Calabash 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 Calabash, NC

How much do homes in Calabash, NC cost?

Median Sold Price

$355,346

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,446(+1.6%)

Key Takeaway

Homes in Calabash have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Calabash was $355,346 in April 2024, up 1.6% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $98.9K$132.4K
+33.9%
2 $239.9K$245K
+2.1%
3 $353K$353K
0%
4 $497K$518.1K
+4.3%
5+ $436.7K$441.4K
+1.1%

Summary: Calabash housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 2.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Cities

Shallotte Township
+4.7%
Calabash
+1.6%
Carolina Shores
-4.0%

Housing Supply in Calabash, NC

How many homes are available in Calabash, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
267283+6.0%

Summary: The Calabash real estate market had 283 homes for sale in April 2024, a 6.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 85
-37.5%
2 4756
+19.1%
3 153162
+5.9%
4 4746
-2.1%
5+ 1214
+16.7%

Summary: The Calabash housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3447+38.2%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calabash, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Calabash in April 2024, up by 38.2% month-over-month. Of the 47 sold homes, 62% were sold under asking, 26% were sold at asking, and 13% were sold over asking.

Days on Market for Calabash, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
60 Days80 Days+33.7%

Summary: Homes in Calabash had an average of 80 days on market in Apr 2024, up by 33.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Calabash are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 47 homes were sold in Calabash; 34% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 36% 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 17 Days Ago

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