Is Cedar Point, 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, Cedar Point was a Neutral Market.
Key Takeaway
Cedar Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Point, NC
How much do homes in Cedar Point, NC cost?
Median Sold Price
$542,500
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cedar Point have sold for 31.5% more than they did a year ago.
Summary: The median home sold price in Cedar Point was $542,500 in April 2024, up 31.5% 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 | - | $250K | N/A |
| 2 Bedrooms | $271.5K | $283K | +4.2% |
| 3 Bedrooms | $440K | $479.1K | +8.9% |
| 4 Bedrooms | $550K | $617.5K | +12.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cedar Point 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 4.2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cedar Point | $412.5K | $542.5K | +31.5% |
| White Oak Township | $470K | $592.9K | +26.2% |
| Swansboro | $340.5K | $400K | +17.5% |
| Cape Carteret | $395K | $438K | +10.9% |
Housing Supply in Cedar Point, NC
How many homes are available in Cedar Point, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Cedar Point real estate market had 14 homes for sale in April 2024, a 12.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedar Point 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Point, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cedar Point in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Cedar Point, NC
How long does it take to sell a home in Cedar Point, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 69 Days | +1795.5% |
Summary: Homes in Cedar Point had an average of 69 days on market in Apr 2024, up by 1795.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Point are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Cedar Point; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
