Is Federal Point 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, Federal Point Township has remained a Seller's Market.
Housing Prices in Federal Point Township, NC
How much do homes in Federal Point Township, NC cost?
Median Sold Price
$543,500
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Federal Point Township was $543,500 in April 2024, up 8.8% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $360K | +2.9% |
2 Bedrooms | $430K | $475.5K | +10.6% |
3 Bedrooms | $474.6K | $508K | +7.0% |
4 Bedrooms | $600.8K | $682.6K | +13.6% |
5+ Bedrooms | $850K | $867.5K | +2.1% |
Summary: Federal Point Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Kure Beach | $650K | $749.5K | +15.3% |
Masonboro Township | $371K | $420.6K | +13.4% |
Federal Point Township | $499.6K | $543.5K | +8.8% |
Carolina Beach | $583.3K | $610K | +4.6% |
Winnabow | $360K | $347.5K | -3.4% |
Housing Supply in Federal Point Township, NC
How many homes are available in Federal Point Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
328 | 349 | +6.4% |
Summary: The Federal Point Township real estate market had 349 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 18 | +5.9% |
2 Bedrooms | 54 | 59 | +9.3% |
3 Bedrooms | 122 | 132 | +8.2% |
4 Bedrooms | 94 | 98 | +4.3% |
5+ Bedrooms | 41 | 42 | +2.4% |
Summary: The Federal Point Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 62 | -1.6% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Federal Point Township in April 2024, down by 1.6% month-over-month. Of the 62 sold homes, 63% were sold under asking, 23% were sold at asking, and 15% were sold over asking.
Days on Market for Federal Point Township, NC
How long does it take to sell a home in Federal Point Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 59 Days | +27.6% |
Summary: Homes in Federal Point Township had an average of 59 days on market in Apr 2024, up by 27.6% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in Federal Point Township; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.