Is Shallotte, 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, Shallotte has remained a Seller's Market.
Key Takeaway
Shallotte is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shallotte, NC
How much do homes in Shallotte, NC cost?
Median Sold Price
$338,450
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Shallotte have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Shallotte was $338,450 in April 2024, up 7.6% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $212K | +28.6% |
| 2 Bedrooms | $226.2K | $310K | +37.0% |
| 3 Bedrooms | $307K | $337.4K | +9.9% |
| 4 Bedrooms | $365K | $349K | -4.4% |
| 5+ Bedrooms | $347.5K | $410K | +18.0% |
Summary: Shallotte housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
| Lockwoods Folly Township | $395.5K | $485.4K | +22.7% |
| Shallotte | $314.6K | $338.4K | +7.6% |
| Supply | $485.8K | $516.4K | +6.3% |
| Shallotte Township | $367.9K | $385K | +4.7% |
Housing Supply in Shallotte, NC
How many homes are available in Shallotte, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 83 | +12.2% |
Summary: The Shallotte real estate market had 83 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 54 | 60 | +11.1% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Shallotte 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 increased by 9.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shallotte, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Shallotte in April 2024, up by 55.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Shallotte, NC
How long does it take to sell a home in Shallotte, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 63 Days | -1.7% |
Summary: Homes in Shallotte had an average of 63 days on market in Apr 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shallotte are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Shallotte; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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