Is Masonboro 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, Masonboro Township has remained a Seller's Market.
Housing Prices in Masonboro Township, NC
How much do homes in Masonboro Township, NC cost?
Median Sold Price
$420,667
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Masonboro Township was $420,667 in April 2024, up 13.4% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $232.2K | $247.7K | +6.7% |
3 Bedrooms | $350K | $375.5K | +7.3% |
4 Bedrooms | $518.7K | $569.5K | +9.8% |
5+ Bedrooms | $820K | $845K | +3.0% |
Summary: Masonboro 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 increased by 6.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
Masonboro Township | $371K | $420.6K | +13.4% |
Federal Point Township | $499.6K | $543.5K | +8.8% |
Wilmington | $390.6K | $411.5K | +5.4% |
Wilmington Township | $391.7K | $411.1K | +5.0% |
Winnabow | $360K | $347.5K | -3.4% |
Housing Supply in Masonboro Township, NC
How many homes are available in Masonboro Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 71 | -9.0% |
Summary: The Masonboro Township real estate market had 71 homes for sale in April 2024, a 9.0% decrease 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 | 5 | -16.7% |
3 Bedrooms | 33 | 32 | -3.0% |
4 Bedrooms | 32 | 26 | -18.8% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Masonboro 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 decreased by 16.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Masonboro Township in April 2024, down by 12.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% were sold over asking.
Days on Market for Masonboro Township, NC
How long does it take to sell a home in Masonboro Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 11 Days | -19.6% |
Summary: Homes in Masonboro Township had an average of 11 days on market in Apr 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Masonboro Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.