Is North Topsail Beach, 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, North Topsail Beach was a Seller's Market.
Key Takeaway
North Topsail Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Topsail Beach, NC
How much do homes in North Topsail Beach, NC cost?
Median Sold Price
$510,000
$400/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Topsail Beach have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in North Topsail Beach was $510,000 in April 2024, up 13.3% from last year, and the median price per square foot was $400.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.2K | $215.5K | +12.7% |
| 2 Bedrooms | $365K | $370K | +1.4% |
| 3 Bedrooms | $559K | $549K | -1.8% |
| 4 Bedrooms | $795K | $874.5K | +10.0% |
| 5+ Bedrooms | $1.1M | $1.2M | +8.8% |
Summary: North Topsail Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| North Topsail Beach | $450K | $510K | +13.3% |
| Sneads Ferry | $362.6K | $389.7K | +7.5% |
| Stump Sound Township | $345K | $365K | +5.8% |
Housing Supply in North Topsail Beach, NC
How many homes are available in North Topsail Beach, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 148 | 162 | +9.5% |
Summary: The North Topsail Beach real estate market had 162 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 24 | +9.1% |
| 2 Bedrooms | 41 | 42 | +2.4% |
| 3 Bedrooms | 42 | 41 | -2.4% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 24 | 33 | +37.5% |
Summary: The North Topsail Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 17 | -37.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Topsail Beach, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in North Topsail Beach in April 2024, down by 37.0% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.
Days on Market for North Topsail Beach, NC
How long does it take to sell a home in North Topsail Beach, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 107 Days | +107.2% |
Summary: Homes in North Topsail Beach had an average of 107 days on market in Apr 2024, up by 107.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in North Topsail Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 17 homes were sold in North Topsail Beach; 35% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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